Grupo Aeroportuario del Sureste (NYSE:ASR) Downgraded by Zacks Research to “Strong Sell”

Grupo Aeroportuario del Sureste (NYSE:ASR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

ASR has been the topic of several other reports. HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective on the stock in a research report on Thursday, July 30th. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Sureste currently has an average rating of “Hold” and an average price target of $349.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR stock opened at $272.07 on Tuesday. The stock’s 50-day moving average price is $247.45 and its 200 day moving average price is $295.49. Grupo Aeroportuario del Sureste has a 52-week low of $226.19 and a 52-week high of $381.52. The stock has a market capitalization of $8.16 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.49. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The business had revenue of $576.34 million during the quarter, compared to analysts’ expectations of $527.02 million. As a group, equities research analysts forecast that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ASR. Advisors Asset Management Inc. purchased a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter valued at $35,719,000. Ieq Capital LLC increased its stake in Grupo Aeroportuario del Sureste by 329.1% in the third quarter. Ieq Capital LLC now owns 3,201 shares of the transportation company’s stock valued at $753,000 after purchasing an additional 2,455 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Grupo Aeroportuario del Sureste by 48.3% during the third quarter. Hantz Financial Services Inc. now owns 894 shares of the transportation company’s stock worth $210,000 after buying an additional 291 shares during the period. Eurizon Capital SGR S.p.A. lifted its position in Grupo Aeroportuario del Sureste by 0.7% during the third quarter. Eurizon Capital SGR S.p.A. now owns 5,652 shares of the transportation company’s stock worth $1,364,000 after buying an additional 41 shares during the period. Finally, Euro Pacific Asset Management LLC boosted its stake in Grupo Aeroportuario del Sureste by 33.5% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,012 shares of the transportation company’s stock worth $944,000 after buying an additional 1,007 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.