Grupo Aeroportuario dl Srst SAB CV (ASR) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a hold rating to a sell rating in a research report report published on Monday.

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. “

A number of other research analysts have also weighed in on the stock. Bank of America began coverage on shares of Grupo Aeroportuario dl Srst SAB CV in a report on Tuesday, August 28th. They issued a buy rating and a $218.00 target price for the company. UBS Group started coverage on Grupo Aeroportuario dl Srst SAB CV in a research report on Monday, August 27th. They issued a buy rating for the company. Finally, ValuEngine upgraded Grupo Aeroportuario dl Srst SAB CV from a sell rating to a hold rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Grupo Aeroportuario dl Srst SAB CV currently has an average rating of Hold and an average price target of $218.00.

ASR stock opened at $203.29 on Monday. Grupo Aeroportuario dl Srst SAB CV has a fifty-two week low of $152.40 and a fifty-two week high of $212.70. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.54 billion, a P/E ratio of 20.32 and a beta of 0.65.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last posted its earnings results on Monday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.38. Grupo Aeroportuario dl Srst SAB CV had a net margin of 39.66% and a return on equity of 18.17%. The firm had revenue of $197.42 million during the quarter, compared to analyst estimates of $189.89 million. analysts predict that Grupo Aeroportuario dl Srst SAB CV will post 7.95 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of ASR. Banco de Sabadell S.A bought a new stake in Grupo Aeroportuario dl Srst SAB CV in the first quarter worth $218,000. UBS Group AG lifted its position in Grupo Aeroportuario dl Srst SAB CV by 152.9% in the first quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock worth $371,000 after buying an additional 1,315 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Grupo Aeroportuario dl Srst SAB CV in the second quarter worth $446,000. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Aeroportuario dl Srst SAB CV in the first quarter worth $503,000. Finally, Sei Investments Co. bought a new stake in Grupo Aeroportuario dl Srst SAB CV in the second quarter worth $617,000. Institutional investors own 19.35% of the company’s stock.

About Grupo Aeroportuario dl Srst SAB CV

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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