Grupo Aeroportuario del Sureste (NYSE:ASR) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Grupo Aeroportuario del Sureste (NYSE:ASR) in a research report report published on Friday morning, MarketBeat reports.

A number of other analysts have also commented on the company. Morgan Stanley lowered Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a research note on Monday, November 10th. Zacks Research cut shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Finally, Citigroup restated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Sureste presently has a consensus rating of “Reduce” and a consensus price target of $305.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock traded down $5.50 on Friday, reaching $299.53. 64,995 shares of the stock were exchanged, compared to its average volume of 72,148. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $8.99 billion, a PE ratio of 15.88, a PEG ratio of 8.54 and a beta of 0.77. Grupo Aeroportuario del Sureste has a 1-year low of $249.21 and a 1-year high of $360.00. The business has a fifty day moving average price of $318.08 and a two-hundred day moving average price of $319.25.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.26 by ($1.42). The company had revenue of $475.81 million during the quarter, compared to analysts’ expectations of $502.91 million. Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. As a group, research analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, December 8th. Investors of record on Wednesday, November 26th will be paid a $8.1473 dividend. The ex-dividend date is Wednesday, November 26th. This represents a dividend yield of 263.0%. Grupo Aeroportuario del Sureste’s payout ratio is 200.48%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently made changes to their positions in ASR. Assetmark Inc. grew its position 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 worth $36,000 after acquiring an additional 94 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Grupo Aeroportuario del Sureste by 13,800.0% during the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 138 shares during the last quarter. State of Wyoming acquired a new stake in shares of Grupo Aeroportuario del Sureste during the third quarter worth $46,000. EverSource Wealth Advisors LLC lifted its position 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 worth $50,000 after buying an additional 138 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Grupo Aeroportuario del Sureste in the 2nd quarter valued at about $58,000. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

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.