Grupo Aeroportuario dl Srst SAB CV (ASR) Stock Rating Lowered by Scotiabank

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.

ASR has been the topic of a number of other research reports. ValuEngine cut shares of Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “strong sell” rating in a research note on Monday, November 26th. Morgan Stanley raised shares of Grupo Aeroportuario dl Srst SAB CV from an “underweight” rating to an “equal weight” rating in a research note on Monday, December 10th. Bank of America cut shares of Grupo Aeroportuario dl Srst SAB CV from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 30th. UBS Group raised shares of Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “neutral” rating in a research note on Monday, January 7th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $189.00.

ASR traded down $2.77 during trading on Monday, reaching $164.31. 21,659 shares of the company’s stock were exchanged, compared to its average volume of 43,881. Grupo Aeroportuario dl Srst SAB CV has a 1 year low of $127.95 and a 1 year high of $212.70. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $4.63 billion, a PE ratio of 16.61, a P/E/G ratio of 4.35 and a beta of 0.60.

Several hedge funds and other institutional investors have recently modified their holdings of ASR. William Blair Investment Management LLC acquired a new stake in shares of Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter worth approximately $45,533,000. BlackRock Inc. grew its stake in Grupo Aeroportuario dl Srst SAB CV by 45.0% in the 3rd quarter. BlackRock Inc. now owns 335,339 shares of the transportation company’s stock valued at $68,788,000 after acquiring an additional 104,092 shares during the period. Investec Asset Management LTD grew its stake in Grupo Aeroportuario dl Srst SAB CV by 65.2% in the 4th quarter. Investec Asset Management LTD now owns 252,656 shares of the transportation company’s stock valued at $38,050,000 after acquiring an additional 99,694 shares during the period. Pendal Group Ltd acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the 3rd quarter valued at $13,650,000. Finally, Millennium Management LLC acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the 2nd quarter valued at $4,268,000. 20.33% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario dl Srst SAB CV Company Profile

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 CancĂșn, Cozumel, MĂ©rida, 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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