Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $224.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.90% from the company’s current price.

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 research firms have also recently weighed in on ASR. BidaskClub cut 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. Royal Bank Of Canada restated an “outperform” rating on shares of Grupo Aeroportuario del Sureste, S.A. de C.V. in a report on Thursday, September 7th. Scotiabank cut Grupo Aeroportuario del Sureste, S.A. de C.V. from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $185.00 to $202.00 in a report on Thursday, September 7th. UBS AG cut 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. Finally, Morgan Stanley cut 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $213.00.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) traded up 1.64% on Friday, hitting $203.41. 74,667 shares of the stock traded hands. The stock has a 50 day moving average of $204.63 and a 200-day moving average of $194.71. The stock has a market cap of $61.02 billion, a PE ratio of 253.63 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1-year low of $131.72 and a 1-year high of $229.45.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ 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%. On average, equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.22 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the business. Harding Loevner LP boosted its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 2.8% during the 1st quarter. Harding Loevner LP now owns 1,266,954 shares of the transportation company’s stock worth $219,487,000 after buying an additional 34,350 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 36,658 shares in the last quarter. Columbia Wanger Asset Management LLC boosted its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 4.5% during the 1st quarter. Columbia Wanger Asset Management LLC now owns 446,074 shares of the transportation company’s stock worth $77,278,000 after buying an additional 19,305 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 2.9% during the 4th quarter. Handelsbanken Fonder AB now owns 344,059 shares of the transportation company’s stock worth $49,507,000 after buying an additional 9,750 shares in the last quarter. Hedge funds and other institutional investors own 32.90% of the company’s stock.

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

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