Zacks Research Downgrades Grupo Aeroportuario del Sureste (NYSE:ASR) to Strong Sell

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

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

Grupo Aeroportuario del Sureste Trading Down 0.6%

Shares of ASR opened at $255.77 on Monday. The business’s 50-day moving average price is $272.77 and its 200 day moving average price is $303.66. The stock has a market capitalization of $7.67 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.70 and a beta of 0.47. Grupo Aeroportuario del Sureste has a 1-year low of $249.58 and a 1-year high of $381.52. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts expect that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of large investors have recently added to or reduced their stakes in ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $35,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth $49,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after buying an additional 50 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Grupo Aeroportuario del Sureste by 195.1% during the 4th quarter. State of Wyoming now owns 419 shares of the transportation company’s stock worth $136,000 after buying an additional 277 shares during the period. 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.