Analysts Set Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) PT at $305.00

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $300.00.

A number of analysts have weighed in on ASR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley cut Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target on the stock. in a report on Monday, November 10th. Finally, Scotiabank raised shares of Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th.

Grupo Aeroportuario del Sureste Stock Down 2.0%

Shares of NYSE:ASR opened at $370.13 on Tuesday. The firm has a market cap of $11.10 billion, a P/E ratio of 19.62 and a beta of 0.56. Grupo Aeroportuario del Sureste has a 12-month low of $249.21 and a 12-month high of $379.07. The business has a fifty day simple moving average of $332.48 and a 200 day simple moving average of $321.75. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds have recently made changes to their positions in ASR. AGF Management Ltd. bought a new stake in Grupo Aeroportuario del Sureste during the 3rd quarter valued at approximately $1,288,000. Fisher Funds Management LTD boosted its position in shares of Grupo Aeroportuario del Sureste by 13.3% during the third quarter. Fisher Funds Management LTD now owns 40,654 shares of the transportation company’s stock valued at $13,145,000 after purchasing an additional 4,786 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in Grupo Aeroportuario del Sureste in the third quarter worth $3,602,000. Itau Unibanco Holding S.A. lifted its position in Grupo Aeroportuario del Sureste by 2,425.8% during the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after buying an additional 105,863 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Grupo Aeroportuario del Sureste by 5.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock valued at $429,000 after buying an additional 72 shares during the period. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.