Grupo Aeroportuario del Sureste (NYSE:ASR) Receives "Buy" Rating from Citigroup

Key Points

• Citigroup has reaffirmed a "buy" rating for Grupo Aeroportuario del Sureste (NYSE:ASR), while Scotiabank downgraded the stock from "sector outperform" to "sector perform".
• Grupo Aeroportuario del Sureste reported earnings per share of $3.80 for the latest quarter, missing analyst expectations of $6.01.
• The stock has a 52-week range between $248.88 and $360.00 and currently trades around $344.45, with an average target price of $310.00.

Citigroup restated their buy rating on shares of Grupo Aeroportuario del Sureste (NYSE:ASR - Free Report) in a research note published on Wednesday morning, Marketbeat reports.

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste presently has a consensus rating of "Hold" and an average target price of $310.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR traded up $0.02 during midday trading on Wednesday, reaching $346.50. The stock had a trading volume of 137,815 shares, compared to its average volume of 85,742. The company's 50-day moving average is $318.59 and its 200 day moving average is $307.44. Grupo Aeroportuario del Sureste has a 12-month low of $248.88 and a 12-month high of $360.00. 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 company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 8.88 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). The firm had revenue of $464.62 million during the quarter, compared to analysts' expectations of $8.98 billion. Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%. On average, equities analysts predict that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a dividend of $8.0427 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a yield of 920.0%. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 146.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASR. Assetmark Inc. raised its position in Grupo Aeroportuario del Sureste by 494.7% during the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company's stock valued at $36,000 after purchasing an additional 94 shares during the last quarter. Hantz Financial Services Inc. raised its position in Grupo Aeroportuario del Sureste by 13,800.0% during the 2nd 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. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Grupo Aeroportuario del Sureste during the 2nd quarter valued at approximately $58,000. Finally, Osaic Holdings Inc. raised its position in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after purchasing an additional 50 shares during the last quarter. 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. 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.