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

Key Points

• Grupo Aeroportuario del Sureste shares hit a new 52-week low, trading as low as $247.30 versus a prior close of $251.77. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $324.50. Ratings range from Strong Buy to Sell, including recent downgrades from Zacks Research and JPMorgan Chase.
• The company beat revenue expectations in its latest quarter but missed on earnings, reporting $4.38 in EPS versus the $4.92 consensus estimate. ASUR maintains solid liquidity, a 26.07% net margin and 21.32% return on equity.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $247.30 and last traded at $249.0090, with a volume of 1708 shares. The stock had previously closed at $251.77.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Sureste Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. The company has a market cap of $7.51 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.66 and a beta of 0.47. The firm has a 50 day moving average price of $269.27 and a two-hundred day moving average price of $301.11.

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). The firm had revenue of $547.46 million during the quarter, compared to the consensus estimate of $517.35 million. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. On average, analysts predict 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

Institutional investors 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 stake in shares of Grupo Aeroportuario del Sureste during the fourth quarter valued at about $35,000. Atlas Capital Advisors Inc. bought a new position in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 766.7% during the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock valued at $50,000 after acquiring an additional 138 shares in the last quarter. Osaic Holdings Inc. grew 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 acquiring an additional 50 shares in the last quarter. Finally, State of Wyoming increased its holdings in Grupo Aeroportuario del Sureste by 195.1% during the 4th quarter. State of Wyoming now owns 419 shares of the transportation company's stock worth $136,000 after acquiring an additional 277 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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