Grupo Aeroportuario del Sureste (NYSE:ASR) Share Price Passes Above 200 Day Moving Average – What’s Next?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $315.00 and traded as high as $329.37. Grupo Aeroportuario del Sureste shares last traded at $327.0670, with a volume of 26,799 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ASR. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of “Hold” and an average price target of $305.00.

Grupo Aeroportuario del Sureste Stock Performance

The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $9.81 billion, a PE ratio of 17.34 and a beta of 0.59. The firm has a 50 day moving average price of $308.35 and a 200-day moving average price of $315.00.

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 for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%.The business had revenue of $478.54 million during the quarter, compared to analyst estimates of $502.91 million. Research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 8th. Investors of record on Wednesday, November 26th were issued a dividend of $8.1473 per share. This represents a dividend yield of 271.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 200.58%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its holdings in shares of Grupo Aeroportuario del Sureste by 494.7% in the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock valued at $36,000 after buying an additional 94 shares during the period. Hantz Financial Services Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 13,800.0% in the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 138 shares during the period. State of Wyoming purchased a new stake in Grupo Aeroportuario del Sureste in the 3rd quarter worth approximately $46,000. EverSource Wealth Advisors LLC grew its stake in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 50 shares in the last quarter. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.