Grupo Aeroportuario del Sureste (NYSE:ASR) Reaches New 52-Week Low - Time to Sell?

Key Points

• Grupo Aeroportuario del Sureste fell to a new 52-week low, trading as low as $235.60 and down 2.2%. Its price is below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and a $324.50 target price. Recent revisions range from Zacks’ “Strong Sell” and JPMorgan’s “Underweight” to “Buy” ratings from UBS and HSBC.
• The company missed quarterly EPS expectations, reporting $4.38 versus the $4.92 consensus, though revenue exceeded estimates at $547.46 million compared with $517.35 million expected.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $235.60 and last traded at $236.2740, with a volume of 55006 shares trading hands. The stock had previously closed at $240.96.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ASR. 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. Zacks Research cut Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research note on Monday, September 7th. UBS Group raised Grupo Aeroportuario del Sureste from a "neutral" rating to a "buy" rating in a research note on Thursday, June 18th. 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. Finally, JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $324.50.

Grupo Aeroportuario del Sureste Trading Down 2.2%

The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54. The stock's fifty day simple moving average is $259.93 and its two-hundred day simple moving average is $292.43. The firm has a market cap of $7.07 billion, a PE ratio of 12.68, a PEG ratio of 1.61 and a beta of 0.47.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The transportation company reported $4.38 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $547.46 million for the quarter, compared to the consensus estimate of $517.35 million. On average, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 19.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position 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 valued at $21,346,000 after buying an additional 38,255 shares in the last quarter. Empirical Finance LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter valued at approximately $7,687,000. Empowered Funds LLC bought a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter worth $7,687,000. Y Intercept Hong Kong Ltd increased its position in Grupo Aeroportuario del Sureste by 757.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 10,986 shares of the transportation company's stock valued at $3,693,000 after purchasing an additional 9,705 shares during the period. Finally, Capital Innovations LLC purchased a new position in Grupo Aeroportuario del Sureste during the fourth quarter valued at approximately $3,137,000. 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 under long-term government concessions. Its activities include passenger and aircraft operations, terminal services, commercial facilities, parking and other airport-related services.

ASUR operates nine airports in southeastern Mexico, including Cancún International Airport, one of the country's major tourism gateways, as well as airports serving Mérida, Oaxaca, Veracruz, Villahermosa, Cozumel, Huatulco, Tapachula and Minatitlán.

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