Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Average Rating of “Hold” from Brokerages

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $305.00.

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 target price for the company. in a research note on Monday, November 10th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Finally, Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. raised its stake 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 in the last quarter. Hantz Financial Services Inc. increased its stake 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 acquired a new position in Grupo Aeroportuario del Sureste in the third quarter worth about $46,000. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Sureste by 766.7% during the second 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, Caitong International Asset Management Co. Ltd bought a new position in Grupo Aeroportuario del Sureste during the second quarter worth about $58,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Performance

ASR opened at $336.36 on Friday. 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’s 50 day moving average price is $315.22 and its two-hundred day moving average price is $316.57. The firm has a market capitalization of $10.09 billion, a P/E ratio of 17.83 and a beta of 0.57. Grupo Aeroportuario del Sureste has a 12-month low of $249.21 and a 12-month high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR) last posted its quarterly earnings data 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). The business had revenue of $478.54 million during the quarter, compared to the consensus estimate of $502.91 million. Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 20.67%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

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

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.