Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stock Has Consensus Target Price of $324.50 According to Brokerages

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $324.50.

A number of analysts have weighed in on ASR shares. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, HSBC upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target on the stock in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASR. Parallel Advisors LLC raised its stake in shares of Grupo Aeroportuario del Sureste by 42.1% during the first quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 125 shares during the last quarter. Parvin Asset Management LLC bought a new position in Grupo Aeroportuario del Sureste during the first quarter worth $220,000. Alamar Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the 1st quarter valued at about $235,000. PNC Financial Services Group Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company’s stock valued at $269,000 after acquiring an additional 39 shares in the last quarter. Finally, BayBridge Capital Group LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the second quarter valued at $315,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Stock Down 0.9%

ASR opened at $250.53 on Friday. Grupo Aeroportuario del Sureste has a fifty-two week low of $226.19 and a fifty-two week high of $381.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The firm’s fifty day moving average price is $247.90 and its two-hundred day moving average price is $281.45. The company has a market capitalization of $7.52 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.74 and a beta of 0.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.60 by ($0.62). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $576.34 million during the quarter, compared to analyst estimates of $527.02 million. On average, analysts anticipate that Grupo Aeroportuario del Sureste will post 18.77 EPS for the current year.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.