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

Key Points

• Analysts hold a mixed view on ASUR: Eight firms give the stock a consensus “Hold” rating, with three sells, one hold, three buys and one strong buy. The average 12-month price target is $324.50, above the reported opening price of $239.25.
• ASUR’s latest quarterly results were mixed: earnings per share of $4.38 missed the $4.92 consensus estimate, while revenue of $547.46 million exceeded expectations of $517.35 million.
• The stock has traded between $226.19 and $381.52 over the past year and has a $7.18 billion market capitalization. Institutional investors and hedge funds own 10.57% of the company.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) have earned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $324.50.

A number of equities analysts have recently weighed in on ASR shares. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. 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 report on Thursday, July 30th. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR stock opened at $239.25 on Friday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.64 and a beta of 0.52. The stock has a 50 day simple moving average of $249.82 and a 200-day simple moving average of $284.43. Grupo Aeroportuario del Sureste has a 12-month low of $226.19 and a 12-month high of $381.52. 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 (NYSE:ASR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $547.46 million during the quarter, compared to analysts' expectations of $517.35 million. On average, equities analysts forecast that Grupo Aeroportuario del Sureste will post 18.77 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of institutional investors and hedge funds have recently modified their holdings of the company. Euro Pacific Asset Management LLC increased its stake in Grupo Aeroportuario del Sureste by 19.3% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,586 shares of the transportation company's stock valued at $919,000 after purchasing an additional 581 shares in the last quarter. BayBridge Capital Group LLC acquired a new position in Grupo Aeroportuario del Sureste during the second quarter worth $315,000. Empowered Funds LLC acquired a new position in Grupo Aeroportuario del Sureste during the first quarter worth $7,687,000. Bank of America Corp DE boosted its position in Grupo Aeroportuario del Sureste by 112.1% during the first quarter. Bank of America Corp DE now owns 6,025 shares of the transportation company's stock worth $2,025,000 after purchasing an additional 3,184 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in Grupo Aeroportuario del Sureste during the first quarter worth $220,000. Institutional investors and hedge funds own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Company Profile

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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