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

Key Points

• Grupo Aeroportuario del Sureste shares hit a new 52-week low, trading as low as $255.89 and closing near $255.90, down 0.5% from the prior close.
• Analyst sentiment remains mixed: the stock carries an overall “Hold” rating with an average price target of $324.50, while recent actions included upgrades from HSBC and UBS and a downgrade from JPMorgan.
• The company’s latest quarterly results were mixed, with revenue of $547.46 million exceeding estimates but EPS of $4.38 missing the $4.92 consensus forecast.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $255.89 and last traded at $255.90, with a volume of 22585 shares changing hands. The stock had previously closed at $257.52.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Sureste Stock Down 0.5%

The company has a market capitalization of $7.69 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.48. The company has a 50-day moving average of $279.59 and a two-hundred day moving average of $309.49. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. On average, research analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

A number of hedge funds and other institutional investors have recently bought and sold shares of ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $35,000. Atlas Capital Advisors Inc. bought a new position in Grupo Aeroportuario del Sureste during the 4th quarter valued at approximately $49,000. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock valued at $50,000 after buying an additional 138 shares in the last quarter. Osaic Holdings Inc. raised its stake in Grupo Aeroportuario del Sureste by 38.2% during the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock valued at $58,000 after buying an additional 50 shares during the last quarter. Finally, State of Wyoming raised its stake in Grupo Aeroportuario del Sureste by 195.1% during the fourth quarter. State of Wyoming now owns 419 shares of the transportation company's stock valued at $136,000 after buying an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Grupo Aeroportuario del Sureste Company Profile

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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