Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded by Zacks Research to “Strong Sell”

Zacks Research downgraded shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks reports.

Several other research firms have also weighed in on ASR. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective on the stock in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Trading Down 0.6%

Shares of ASR stock opened at $255.77 on Monday. Grupo Aeroportuario del Sureste has a fifty-two week low of $249.58 and a fifty-two week high of $381.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The stock’s fifty day moving average is $272.77 and its two-hundred day moving average is $303.66. The firm has a market capitalization of $7.67 billion, a P/E ratio of 13.76, a PEG ratio of 1.70 and a beta of 0.47.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASR. Deutsche Bank AG raised its position in shares of 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 in the last quarter. Morgan Stanley lifted its stake in Grupo Aeroportuario del Sureste by 20.4% during the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after purchasing an additional 31,298 shares during the last quarter. State Street Corp boosted its holdings in Grupo Aeroportuario del Sureste by 3.2% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Grupo Aeroportuario del Sureste by 2.1% in the fourth 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Grupo Aeroportuario del Sureste by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,853 shares of the transportation company’s stock valued at $20,974,000 after purchasing an additional 4,490 shares during the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

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.