Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Given Average Recommendation of “Hold” by Analysts

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been given an average rating of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $300.00.

ASR has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday, April 20th. Wall Street Zen lowered Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds have recently modified their holdings of ASR. Royal Bank of Canada lifted its holdings in Grupo Aeroportuario del Sureste by 6.3% during the first quarter. Royal Bank of Canada now owns 3,952 shares of the transportation company’s stock worth $1,083,000 after buying an additional 235 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 138 shares during the period. Marshall Wace LLP raised its position in shares of Grupo Aeroportuario del Sureste by 119.2% in the 2nd quarter. Marshall Wace LLP now owns 14,608 shares of the transportation company’s stock worth $4,658,000 after acquiring an additional 7,945 shares in the last quarter. Jump Financial LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 2nd quarter worth $1,432,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Grupo Aeroportuario del Sureste by 1.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 50,441 shares of the transportation company’s stock worth $16,084,000 after purchasing an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Trading Down 0.1%

ASR opened at $286.77 on Monday. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.35 and a beta of 0.47. The stock’s 50 day moving average price is $312.76 and its 200-day moving average price is $326.55. Grupo Aeroportuario del Sureste has a one year low of $275.00 and a one year high of $381.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.39 and a current ratio of 3.39.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its earnings results on Tuesday, March 31st. The transportation company reported $5.24 EPS for the quarter. The firm had revenue of $495.15 million for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste will post 21 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 27th were given a dividend of $5.7572 per share. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 110.22%.

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.