Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Consensus Recommendation of “Hold” from Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $300.00.

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Monday, April 20th. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG grew its position in Grupo Aeroportuario del Sureste by 90.6% during the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after acquiring an additional 89,239 shares during the last quarter. Morgan Stanley grew its position in Grupo Aeroportuario del Sureste by 20.4% during the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after acquiring an additional 31,298 shares during the last quarter. State Street Corp grew its position in Grupo Aeroportuario del Sureste by 3.2% during the 4th quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock worth $55,576,000 after acquiring an additional 5,338 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Grupo Aeroportuario del Sureste by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock worth $33,433,000 after acquiring an additional 2,134 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Grupo Aeroportuario del Sureste during the 3rd quarter worth approximately $33,173,000. 10.57% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Sureste Price Performance

Shares of Grupo Aeroportuario del Sureste stock opened at $309.94 on Thursday. The company has a current ratio of 3.03, a quick ratio of 3.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $9.30 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 3.42 and a beta of 0.49. The business’s 50-day moving average price is $324.22 and its 200-day moving average price is $327.49. Grupo Aeroportuario del Sureste has a 12 month low of $292.35 and a 12 month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. The firm had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 22.93% and a net margin of 26.32%. Sell-side analysts forecast that Grupo Aeroportuario del Sureste will post 21.09 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 27th will be given a dividend of $5.7572 per share. The ex-dividend date is Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is presently 210.05%.

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.