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

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $324.50.

A number of equities analysts have issued reports on the company. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective for the company in a report on Thursday, July 30th.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors and hedge funds have recently made changes to their positions in ASR. Compound Planning Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 4.3% in the 4th quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock valued at $228,000 after buying an additional 29 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Grupo Aeroportuario del Sureste by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 39 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Grupo Aeroportuario del Sureste by 3.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after purchasing an additional 39 shares during the period. Osaic Holdings Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 8.2% during the 4th quarter. Ieq Capital LLC now owns 711 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Down 1.0%

NYSE:ASR opened at $257.56 on Friday. Grupo Aeroportuario del Sureste has a 12-month low of $255.93 and a 12-month high of $381.52. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.73 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.71 and a beta of 0.48. The stock’s fifty day simple moving average is $279.59 and its 200-day simple moving average is $309.92.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The company had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%. Equities research analysts expect that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

About Grupo Aeroportuario del Sureste

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.