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 sent to investors 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. “
Several other brokerages also recently commented on ASR. BidaskClub downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an overweight rating to an equal weight rating in a research report on Tuesday, May 30th. UBS AG downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a neutral rating to a sell rating in a research report on Wednesday, May 17th. Finally, J P Morgan Chase & Co downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a neutral rating to an underweight rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Grupo Aeroportuario del Sureste, S.A. de C.V. presently has an average rating of Hold and a consensus target price of $187.50.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) opened at 201.91 on Thursday. The company’s 50-day moving average is $212.34 and its 200-day moving average is $188.38. The company has a market cap of $60.57 billion, a P/E ratio of 252.70 and a beta of 0.55. 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.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.10. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. The company had revenue of $158.17 million for the quarter. On average, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.21 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of 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 during the period. Columbia Wanger Asset Management LLC increased its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 4.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 446,074 shares of the transportation company’s stock valued at $77,278,000 after buying an additional 19,305 shares during the period. William Blair Investment Management LLC increased its stake in shares of 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 during the period. Investec Asset Management LTD increased its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.7% in the second quarter. Investec Asset Management LTD now owns 231,634 shares of the transportation company’s stock valued at $48,736,000 after buying an additional 14,592 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of 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 during the period. 32.85% of the stock is currently owned by 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.
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