Grupo Aeroportuario del Sureste (NYSE:ASR) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research has downgraded Grupo Aeroportuario del Sureste (NYSE:ASR) from a "hold" rating to a "strong sell" rating, indicating a negative outlook for the stock.
• The company reported earnings of $3.80 per share in its last quarter, which was significantly below the consensus estimate of $6.01, suggesting operational challenges.
• As of the latest data, Grupo Aeroportuario del Sureste holds an average price target of $310.00, with mixed ratings from analysts, including one Buy, three Hold, and one Sell.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Citigroup reiterated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of "Hold" and an average price target of $310.00.

Grupo Aeroportuario del Sureste Stock Down 0.6%

Shares of Grupo Aeroportuario del Sureste stock opened at $314.99 on Monday. The firm's 50 day moving average price is $326.28 and its 200-day moving average price is $314.55. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste has a 52-week low of $248.88 and a 52-week high of $360.00. The company has a market cap of $9.45 billion, a P/E ratio of 15.18, a PEG ratio of 8.15 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its earnings results 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 company had revenue of $464.62 million for the quarter, compared to analysts' expectations of $8.98 billion. On average, sell-side analysts predict that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its stake in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after acquiring an additional 50 shares during the last quarter. Cannell Capital LLC bought a new position in Grupo Aeroportuario del Sureste during the second quarter worth $3,242,000. Man Group plc bought a new position in Grupo Aeroportuario del Sureste during the second quarter worth $562,000. Militia Capital Partners LP bought a new stake in Grupo Aeroportuario del Sureste in the second quarter valued at $478,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Grupo Aeroportuario del Sureste by 82.5% during the second quarter. Engineers Gate Manager LP now owns 3,621 shares of the transportation company's stock valued at $1,155,000 after purchasing an additional 1,637 shares during the period. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

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.

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