Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Several other research firms have also issued reports on ASR. The Goldman Sachs Group upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a sell rating to a buy rating and upped their target price for the stock from $274.00 to $326.00 in a report on Friday, January 26th. Barclays lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an overweight rating to an equal weight rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

ASR opened at $354.35 on Tuesday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $165.00 and a 52-week high of $356.58. The firm has a market capitalization of $10.63 billion, a PE ratio of 16.75, a PEG ratio of 3.16 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.87 and a current ratio of 3.88. The business’s 50-day simple moving average is $309.80 and its 200 day simple moving average is $275.80.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its earnings results on Monday, February 26th. The transportation company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.78 by ($0.79). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.21% and a net margin of 40.21%. The company had revenue of $392.31 million for the quarter. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 24.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

A number of institutional investors have recently bought and sold shares of ASR. CWM LLC increased its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% during the fourth quarter. CWM LLC now owns 118 shares of the transportation company’s stock worth $35,000 after buying an additional 82 shares during the last quarter. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.6% in the fourth quarter. Blue Trust Inc. now owns 187 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 72 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the fourth quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 119 shares during the last quarter. Signaturefd LLC grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 30.6% in the third quarter. Signaturefd LLC now owns 269 shares of the transportation company’s stock valued at $66,000 after purchasing an additional 63 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

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.