Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 1-Year Low - Here's Why

Key Points

• Grupo Aeroportuario del Sureste shares hit a new 52-week low, trading as low as $258.51 and falling 1.7% from the prior close. The stock remains below its 50-day and 200-day moving averages.
• Analyst views are mixed, resulting in a consensus “Hold” rating and a $324.50 price target. UBS and HSBC upgraded the stock to “Buy,” while JPMorgan downgraded it to “Underweight.”
• The company’s latest quarterly EPS of $4.38 missed expectations of $4.92, although revenue of $547.46 million exceeded the $517.35 million consensus estimate. Institutional investors own 10.57% of the company.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $258.51 and last traded at $258.8610, with a volume of 9347 shares trading hands. The stock had previously closed at $263.00.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ASR shares. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. UBS Group raised Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a report on Wednesday, July 22nd. Finally, HSBC raised Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price target for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Stock Down 1.7%

The stock has a fifty day moving average of $285.56 and a 200 day moving average of $315.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a market capitalization of $7.75 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.92 by ($0.54). Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. On average, research analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at approximately $35,000. Atlas Capital Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after purchasing an additional 138 shares during the period. Osaic Holdings Inc. lifted its stake in Grupo Aeroportuario del Sureste by 38.2% in the second 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. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Grupo Aeroportuario del Sureste by 63.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company's stock valued at $105,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 10.57% of the company's stock.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.

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