Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a buy rating to a hold rating in a research report report published on Thursday.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

Other equities research analysts have also issued reports about the stock. BidaskClub lowered shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a strong-buy rating to a buy rating in a report on Monday, July 24th. Morgan Stanley lowered shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an overweight rating to an equal weight rating in a report on Tuesday, May 30th. UBS AG lowered shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a market perform rating in a report on Tuesday, June 6th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a report on Thursday, September 7th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a sector perform rating and lifted their price target for the company from $185.00 to $202.00 in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $213.00.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) traded up 1.70% during trading on Thursday, hitting $203.52. 28,596 shares of the stock were exchanged. The firm has a market capitalization of $61.06 billion, a P/E ratio of 253.77 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $131.72 and a 52 week high of $229.45. The firm has a 50 day moving average price of $204.63 and a 200 day moving average price of $194.71.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.10. The company had revenue of $158.17 million for the quarter. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. Analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.22 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of ASR. Goldman Sachs Group Inc. grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 388.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 99,378 shares of the transportation company’s stock worth $20,909,000 after acquiring an additional 79,012 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 580,034 shares of the transportation company’s stock worth $122,039,000 after acquiring an additional 36,658 shares during the last quarter. AQR Capital Management LLC grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 110.4% during the 1st quarter. AQR Capital Management LLC now owns 54,591 shares of the transportation company’s stock worth $9,457,000 after acquiring an additional 28,650 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 14.0% during the 2nd quarter. William Blair Investment Management LLC now owns 231,811 shares of the transportation company’s stock worth $48,773,000 after acquiring an additional 28,401 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. by 787.1% during the 2nd quarter. Forsta AP Fonden now owns 27,500 shares of the transportation company’s stock worth $5,786,000 after acquiring an additional 24,400 shares during the last quarter. 32.90% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste, S.A. de C.V.

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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