Grupo Aeroportuario del Sureste (NYSE:ASR) Hits New 52-Week Low - Should You Sell?

Key Points

• ASUR shares hit a new 52-week low, falling to approximately $241.27 and trading below both their 50-day ($264.98) and 200-day ($297.10) moving averages.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $324.50 average price target, with recent upgrades from HSBC and UBS offset by downgrades from JPMorgan and Zacks Research.
• The company exceeded quarterly revenue expectations but missed on earnings, reporting $4.38 in EPS versus the $4.92 consensus estimate; analysts expect full-year EPS of $19.54.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $241.27 and last traded at $240.2270, with a volume of 6432 shares. The stock had previously closed at $243.32.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HSBC raised Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 target price on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research note on Thursday, June 18th. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Finally, Zacks Research cut Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $324.50.

Grupo Aeroportuario del Sureste Stock Performance

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 stock has a market cap of $7.19 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.60 and a beta of 0.47. The stock's 50 day moving average is $264.98 and its two-hundred day moving average is $297.10.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The transportation company reported $4.38 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 analyst estimates of $517.35 million. Analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

A number of large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 5.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company's stock worth $269,000 after buying an additional 39 shares in the last quarter. ProShare Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 5.9% in the 4th quarter. ProShare Advisors LLC now owns 1,961 shares of the transportation company's stock worth $634,000 after acquiring an additional 109 shares during the period. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario del Sureste by 42.1% in the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company's stock valued at $142,000 after buying an additional 125 shares during the period. ABS Direct Equity Fund LLC raised its stake in Grupo Aeroportuario del Sureste by 1.9% during the first quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company's stock worth $2,319,000 after purchasing an additional 130 shares during the period. Finally, QRG Capital Management Inc. grew its position in Grupo Aeroportuario del Sureste by 14.9% during the first quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company's stock valued at $339,000 after acquiring an additional 131 shares during the period. Hedge funds and other 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, 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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