Scotiabank Upgrades Grupo Aeroportuario del Sureste (NYSE:ASR) to “Sector Outperform”

Grupo Aeroportuario del Sureste (NYSE:ASR) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Several other analysts have also issued reports on the company. Zacks Research lowered Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target on the stock. in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Stock Down 0.9%

Shares of ASR opened at $300.93 on Thursday. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. Grupo Aeroportuario del Sureste has a 12 month low of $249.21 and a 12 month high of $360.00. The firm’s 50 day moving average is $306.37 and its 200-day moving average is $316.26. The stock has a market capitalization of $9.03 billion, a PE ratio of 15.96 and a beta of 0.59.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 20.67%. The company had revenue of $478.54 million during the quarter, compared to the consensus estimate of $502.91 million. Equities research analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently modified their holdings of ASR. Itau Unibanco Holding S.A. increased its holdings in shares of Grupo Aeroportuario del Sureste by 2,425.8% during the second quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company’s stock valued at $35,148,000 after acquiring an additional 105,863 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 5.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,344 shares of the transportation company’s stock worth $429,000 after purchasing an additional 72 shares in the last quarter. Savant Capital LLC acquired a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter valued at $290,000. Hsbc Holdings PLC increased its stake in Grupo Aeroportuario del Sureste by 8.2% during the 1st quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company’s stock valued at $31,498,000 after purchasing an additional 8,717 shares in the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new position in Grupo Aeroportuario del Sureste during the second quarter worth $432,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste 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. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.