Zacks Investment Research Upgrades Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) to Buy

Zacks Investment Research upgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from a hold rating to a buy rating in a research note published on Friday morning. Zacks Investment Research currently has $224.00 price target on the transportation company’s stock.

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. “

Several other analysts have also issued reports on ASR. Morgan Stanley lowered 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 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. BidaskClub lowered 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. Scotiabank lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from an outperform rating to a sector perform rating and increased their target price for the stock from $185.00 to $202.00 in a report on Thursday, September 7th. Finally, Royal Bank Of Canada reissued an outperform rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $213.00.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) opened at 203.07 on Friday. The company has a market capitalization of $60.92 billion, a PE ratio of 253.20 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a one year low of $131.72 and a one year high of $229.45. The firm’s 50 day moving average price is $203.95 and its 200-day moving average price is $195.87.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last released its earnings results on Thursday, July 20th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.02% and a net margin of 39.61%. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.22 earnings per share for the current fiscal year.

WARNING: “Zacks Investment Research Upgrades Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) to Buy” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/19/zacks-investment-research-upgrades-grupo-aeroportuario-del-sureste-s-a-de-c-v-asr-to-buy.html.

A number of large investors have recently added to or reduced their stakes in ASR. Goldman Sachs Group Inc. boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 388.0% in the second quarter. Goldman Sachs Group Inc. now owns 99,378 shares of the transportation company’s stock valued at $20,909,000 after buying an additional 79,012 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.7% in the second quarter. JPMorgan Chase & Co. now owns 580,034 shares of the transportation company’s stock valued at $122,039,000 after buying an additional 36,658 shares in the last quarter. AQR Capital Management LLC boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 110.4% in the first quarter. AQR Capital Management LLC now owns 54,591 shares of the transportation company’s stock valued at $9,457,000 after buying an additional 28,650 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 14.0% in the second quarter. William Blair Investment Management LLC now owns 231,811 shares of the transportation company’s stock valued at $48,773,000 after buying an additional 28,401 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 787.1% in the second quarter. Forsta AP Fonden now owns 27,500 shares of the transportation company’s stock valued at $5,786,000 after buying an additional 24,400 shares in the last quarter. 32.90% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

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.

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

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