Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded ASUR from “strong sell” to “hold,” though analyst sentiment remains mixed. The stock has an average “hold” rating and a consensus price target of $324.50.
• ASR shares opened at $234.65, down 1.2%, and remain well below their 52-week high of $381.52. The company recently reported quarterly EPS of $4.38, missing estimates of $4.92, while revenue of $547.46 million exceeded expectations.
• Institutional investors own 10.57% of ASUR, with several firms recently increasing or initiating positions, including Bank of America, which more than doubled its holdings.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report issued on Monday, Zacks reports.

Other analysts have also issued reports about the company. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research report on Wednesday, July 22nd. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price target for the company in a research report on Thursday, July 30th. Finally, UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Stock Down 1.2%

Shares of ASR opened at $234.65 on Monday. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.57 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The business's fifty day moving average price is $252.28 and its two-hundred day moving average price is $286.15. Grupo Aeroportuario del Sureste has a 52 week low of $226.19 and a 52 week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its earnings results on Friday, July 24th. The transportation company reported $4.38 EPS for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The firm had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million. On average, analysts predict that Grupo Aeroportuario del Sureste will post 19.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ASR. Euro Pacific Asset Management LLC grew its stake in shares of Grupo Aeroportuario del Sureste by 19.3% in the third quarter. Euro Pacific Asset Management LLC now owns 3,586 shares of the transportation company's stock valued at $919,000 after acquiring an additional 581 shares in the last quarter. BayBridge Capital Group LLC acquired a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter worth about $315,000. Empowered Funds LLC acquired a new stake in Grupo Aeroportuario del Sureste in the 1st quarter worth about $7,687,000. Bank of America Corp DE boosted its holdings in Grupo Aeroportuario del Sureste by 112.1% in the 1st quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company's stock valued at $2,025,000 after purchasing an additional 3,184 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in Grupo Aeroportuario del Sureste in the 1st quarter valued at about $220,000. Institutional investors own 10.57% of the company's stock.

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 under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

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

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