JPMorgan Chase & Co. Downgrades Grupo Aeroportuario del Sureste (NYSE:ASR) to Underweight

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report released on Wednesday, MarketBeat Ratings reports.

Several other research analysts have also recently weighed in on ASR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, July 17th. Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and a consensus target price of $300.00.

Grupo Aeroportuario del Sureste Price Performance

NYSE ASR opened at $269.55 on Wednesday. Grupo Aeroportuario del Sureste has a 12 month low of $268.70 and a 12 month high of $381.52. The firm has a market capitalization of $8.09 billion, a PE ratio of 14.97, a P/E/G ratio of 1.69 and a beta of 0.46. The company’s 50 day simple moving average is $294.72 and its 200 day simple moving average is $322.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick 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 earnings per share for the quarter. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.The firm had revenue of $495.15 million during the quarter. As a group, equities research analysts forecast that Grupo Aeroportuario del Sureste will post 20.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG lifted its holdings in shares of Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after purchasing an additional 89,239 shares during the last quarter. Morgan Stanley increased its stake in Grupo Aeroportuario del Sureste by 20.4% in the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after purchasing an additional 31,298 shares in the last quarter. State Street Corp raised its holdings in Grupo Aeroportuario del Sureste by 3.2% during the 4th quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock worth $55,576,000 after buying an additional 5,338 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Grupo Aeroportuario del Sureste by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock worth $33,433,000 after buying an additional 2,134 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Grupo Aeroportuario del Sureste by 9.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 87,258 shares of the transportation company’s stock valued at $28,219,000 after buying an additional 7,504 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.