Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Grupo Aeroportuario del Sureste, with three sell, one hold, three buy and one strong-buy rating. The average 12-month price target is $324.50.
• ASR shares opened at $244.36, near their 12-month low of $238.54 and well below the 12-month high of $381.52, while institutional investors own 10.57% of the company.
• The company’s latest quarterly earnings missed expectations, reporting EPS of $4.38 versus a $4.92 estimate, although revenue of $547.46 million exceeded the $517.35 million consensus forecast.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) have been assigned a consensus rating of "Hold" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $324.50.

A number of research analysts have issued reports on the stock. UBS Group raised shares of Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research report on Thursday, June 18th. Zacks Research cut Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research report on Monday, September 7th. Weiss Ratings cut Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. HSBC raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 target price for the company in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research report on Wednesday, July 22nd.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in Grupo Aeroportuario del Sureste by 18.3% in the first quarter. Bank of New York Mellon Corp now owns 30,621 shares of the transportation company's stock worth $10,292,000 after acquiring an additional 4,743 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Grupo Aeroportuario del Sureste by 151.5% during the 1st quarter. Hsbc Holdings PLC now owns 63,506 shares of the transportation company's stock valued at $21,346,000 after buying an additional 38,255 shares in the last quarter. Empirical Finance LLC bought a new position in Grupo Aeroportuario del Sureste in the first quarter worth approximately $7,687,000. Empowered Funds LLC purchased a new stake in Grupo Aeroportuario del Sureste in the first quarter worth about $7,687,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Grupo Aeroportuario del Sureste by 757.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company's stock valued at $3,693,000 after purchasing an additional 9,705 shares in the last quarter. Institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Stock Down 0.3%

Shares of NYSE:ASR opened at $244.36 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste has a 12-month low of $238.54 and a 12-month high of $381.52. The stock's 50-day moving average price is $263.66 and its 200-day moving average price is $295.73. The stock has a market capitalization of $7.33 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.62 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. On average, equities analysts anticipate that Grupo Aeroportuario del Sureste will post 19.54 earnings per share 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, primarily in Mexico. The company was established in 1998 as part of Mexico's airport privatization program.

ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Minatitlán and Tapachula. Its airport activities include passenger and aircraft handling, terminal operations, runway and airfield management, security coordination and other services supporting commercial aviation.

Through its international operations and partnerships, ASUR also has interests in airports outside Mexico.

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