Grupo Aeroportuario del Sureste (NYSE:ASR) Upgraded at HSBC

HSBC upgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm currently has $349.00 target price on the transportation company’s stock.

A number of other brokerages have also recently commented on ASR. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Trading Down 0.2%

ASR opened at $275.95 on Thursday. The firm has a market cap of $8.28 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.74 and a beta of 0.46. Grupo Aeroportuario del Sureste has a 12 month low of $259.01 and a 12 month high of $381.52. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $291.07 and a 200 day moving average of $320.11.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Thursday, July 23rd. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The company had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. As a group, research analysts forecast that Grupo Aeroportuario del Sureste will post 20.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings 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 valued at $60,721,000 after buying an additional 89,239 shares in the last quarter. Hsbc Holdings PLC grew its stake in Grupo Aeroportuario del Sureste by 151.5% in the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company’s stock worth $21,346,000 after acquiring an additional 38,255 shares in the last quarter. Morgan Stanley grew its stake in Grupo Aeroportuario del Sureste by 20.4% in 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the second quarter worth approximately $7,310,000. Finally, Empowered Funds LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the first quarter worth approximately $7,687,000. Institutional investors own 10.57% of the company’s stock.

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.