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

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $300.00.

A number of equities analysts have recently issued reports on ASR shares. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday, April 20th. Finally, Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Grupo Aeroportuario del Sureste by 112.1% during the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company’s stock valued at $2,025,000 after purchasing an additional 3,184 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter worth $220,000. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the first quarter valued at $7,687,000. Quantinno Capital Management LP increased its position in shares of Grupo Aeroportuario del Sureste by 111.2% in the 1st quarter. Quantinno Capital Management LP now owns 6,427 shares of the transportation company’s stock valued at $2,161,000 after acquiring an additional 3,384 shares during the period. Finally, ABS Direct Equity Fund LLC raised its stake in Grupo Aeroportuario del Sureste by 1.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company’s stock worth $2,319,000 after acquiring an additional 130 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Down 0.1%

Shares of Grupo Aeroportuario del Sureste stock opened at $286.77 on Monday. The firm’s 50 day moving average price is $312.76 and its 200-day moving average price is $326.55. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste has a 52-week low of $275.00 and a 52-week high of $381.52. The company has a market cap of $8.60 billion, a P/E ratio of 15.92, a PEG ratio of 2.35 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its earnings results on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. The company had revenue of $495.15 million during the quarter. Grupo Aeroportuario del Sureste had a net margin of 26.32% and a return on equity of 21.77%. On average, sell-side analysts predict that Grupo Aeroportuario del Sureste will post 21 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 110.22%.

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.