Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate ASR a “Moderate Buy”: Seven brokerages’ ratings include three buys, one strong buy, two holds and one sell; the average 12-month price target is $349.
• Latest results were mixed: Quarterly EPS of $3.98 missed estimates of $4.38, while revenue of $576.34 million exceeded expectations of $527.02 million.
• The company announced a special dividend of $5.3688 per share, payable December 10 to shareholders of record on November 27.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $349.00.

A number of analysts recently issued reports on the stock. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 target price on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded Grupo Aeroportuario del Sureste from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, October 26th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a report on Wednesday, July 22nd. Finally, Zacks Research raised Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several large investors have recently added to or reduced their stakes in ASR. Advisors Asset Management Inc. acquired a new stake in Grupo Aeroportuario del Sureste in the 3rd quarter worth about $35,719,000. Hsbc Holdings PLC lifted its holdings in shares of 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 worth $21,346,000 after acquiring an additional 38,255 shares during the period. Empowered Funds LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth about $7,687,000. Empirical Finance LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $7,687,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter worth approximately $3,792,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Price Performance

NYSE:ASR opened at $272.07 on Thursday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.18 and a beta of 0.49. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. The company's 50-day moving average is $247.45 and its two-hundred day moving average is $295.49. Grupo Aeroportuario del Sureste has a 12-month low of $226.19 and a 12-month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.38 by ($0.40). The firm had revenue of $576.34 million for the quarter, compared to analysts' expectations of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. Research analysts expect that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current year.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 27th will be paid a $5.3688 dividend. The ex-dividend date is Friday, November 27th. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 66.79%.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.

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