Wall Street Zen Downgrades Grupo Aeroportuario del Sureste (NYSE:ASR) to Hold

Key Points

• Wall Street Zen downgraded Grupo Aeroportuario del Sureste (ASR) from "buy" to "hold"; the stock's consensus rating remains Hold with an average analyst target of $300.00.
• ASR's latest quarter showed EPS of $5.03 (missing estimates by $0.01) but revenue of $636.39 million that beat expectations, with a net margin of 27.93% and ROE of 21.10%.
• Institutional investors have been increasing exposure—Schroder opened a ~$33.2M stake and Deutsche Bank and Morgan Stanley raised positions—while the stock trades near $317.77 with a market cap of about $9.5B and a 52‑week range of $249.21–$381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

Several other research firms also recently issued reports on ASR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 13th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Sureste from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Down 2.7%

Shares of NYSE:ASR opened at $317.77 on Friday. The firm has a market cap of $9.53 billion, a PE ratio of 17.26 and a beta of 0.53. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $346.45 and a 200 day simple moving average of $327.09. Grupo Aeroportuario del Sureste has a 12-month low of $249.21 and a 12-month high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $5.03 EPS for the quarter, missing the consensus estimate of $5.04 by ($0.01). Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%. The company had revenue of $636.39 million for the quarter, compared to analyst estimates of $500.58 million. On average, equities research analysts anticipate that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds have recently modified their holdings of ASR. Schroder Investment Management Group bought a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth approximately $33,173,000. Deutsche Bank AG increased its position in shares of Grupo Aeroportuario del Sureste by 90.6% during the fourth quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company's stock valued at $60,721,000 after purchasing an additional 89,239 shares during the period. Morgan Stanley increased its position in shares of Grupo Aeroportuario del Sureste by 20.4% during the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company's stock valued at $59,792,000 after purchasing an additional 31,298 shares during the period. Jane Street Group LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the second quarter valued at $7,310,000. Finally, Pillsbury Lake Capital LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the fourth quarter valued at $6,483,000. 10.57% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Sureste

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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