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 reissued their buy rating on shares of Grupo Aeroportuario del Sureste (NYSE:ASR - Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

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

Grupo Aeroportuario del Sureste Price Performance

Shares of Grupo Aeroportuario del Sureste stock traded down $3.02 during mid-day trading on Wednesday, reaching $343.45. 57,932 shares of the stock were exchanged, compared to its average volume of 70,748. Grupo Aeroportuario del Sureste has a fifty-two week low of $248.88 and a fifty-two week high of $360.00. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 8.88 and a beta of 0.76. The firm has a 50-day simple moving average of $318.59 and a 200 day simple moving average of $307.97. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18.

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 for the quarter, missing the consensus estimate of $6.01 by ($2.21). Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%.The firm had revenue of $464.62 million for the quarter, compared to analyst estimates of $8.98 billion. On average, sell-side analysts predict that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be issued a dividend of $8.0427 per share. This represents a yield of 920.0%. The ex-dividend date is Monday, September 29th. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is 111.52%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors have recently added to or reduced their stakes in ASR. US Bancorp DE increased its holdings in Grupo Aeroportuario del Sureste by 4.4% during the 1st quarter. US Bancorp DE now owns 730 shares of the transportation company's stock worth $200,000 after purchasing an additional 31 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 8.2% during the second quarter. Signaturefd LLC now owns 474 shares of the transportation company's stock worth $151,000 after buying an additional 36 shares in the last quarter. Blue Trust Inc. raised its position in Grupo Aeroportuario del Sureste by 7.8% in the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after buying an additional 38 shares during the last quarter. Renaissance Group LLC lifted its stake in Grupo Aeroportuario del Sureste by 0.3% in the 2nd quarter. Renaissance Group LLC now owns 17,123 shares of the transportation company's stock valued at $5,460,000 after acquiring an additional 45 shares in the last quarter. Finally, Fortune Financial Advisors LLC boosted its position in Grupo Aeroportuario del Sureste by 1.0% during the 2nd quarter. Fortune Financial Advisors LLC now owns 4,961 shares of the transportation company's stock worth $1,582,000 after acquiring an additional 48 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Sureste

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.