Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Given Average Recommendation of “Hold” by Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. One research 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 twelve-month price objective among brokerages that have covered the stock in the last year is $300.00.

Several research firms have issued reports on ASR. Barclays raised shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, January 21st. Finally, Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in shares of Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after buying an additional 89,239 shares during the last quarter. Morgan Stanley lifted 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 period. State Street Corp grew its stake 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 valued at $55,576,000 after purchasing an additional 5,338 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 valued at $33,433,000 after purchasing an additional 2,134 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Grupo Aeroportuario del Sureste in the third quarter valued at about $33,173,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Down 0.1%

Shares of NYSE:ASR opened at $346.92 on Wednesday. The business’s 50 day moving average is $348.26 and its 200 day moving average is $326.71. The stock has a market cap of $10.41 billion, a P/E ratio of 18.84 and a beta of 0.58. Grupo Aeroportuario del Sureste has a 52-week low of $249.21 and a 52-week high of $381.52. The company has a quick ratio of 2.69, a current ratio of 2.91 and a debt-to-equity ratio of 0.58.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%.The business had revenue of $608.62 million for the quarter, compared to the consensus estimate of $500.58 million. Sell-side analysts predict that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

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.