Weiss Ratings Reiterates "Hold (C)" Rating for Grupo Aeroportuario del Sureste (NYSE:ASR)

Key Points

• Weiss Ratings has reaffirmed its **"Hold (C)" rating** for Grupo Aeroportuario del Sureste (NYSE: ASR), amidst mixed analyses from other research firms.
• The stock is currently trading at **$304.64**, with a consensus target price set at **$310.00** according to MarketBeat.com.
• In its latest earnings report, Grupo Aeroportuario del Sureste missed the estimated **earnings per share** of **$5.26**, reporting only **$3.84** for the quarter.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other equities research analysts have also commented on ASR. Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. Zacks Research lowered shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $310.00.

Grupo Aeroportuario del Sureste Stock Performance

ASR traded up $0.05 during trading on Friday, hitting $304.64. The stock had a trading volume of 69,942 shares, compared to its average volume of 73,200. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The firm has a market capitalization of $9.14 billion, a P/E ratio of 16.15, a PEG ratio of 8.32 and a beta of 0.77. The company's 50-day moving average price is $325.47 and its 200 day moving average price is $316.75. Grupo Aeroportuario del Sureste has a twelve month low of $248.88 and a twelve month high of $360.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). The firm had revenue of $475.81 million during the quarter, compared to analyst estimates of $502.91 million. Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. On average, equities research analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ethic Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 22.7% in the 3rd quarter. Ethic Inc. now owns 1,573 shares of the transportation company's stock worth $509,000 after buying an additional 291 shares in the last quarter. Euro Pacific Asset Management LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 47.4% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 1,979 shares of the transportation company's stock worth $645,000 after buying an additional 636 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste in the 3rd quarter worth about $3,602,000. FCG Investment Co boosted its position in shares of Grupo Aeroportuario del Sureste by 17.8% in the 3rd quarter. FCG Investment Co now owns 3,555 shares of the transportation company's stock worth $1,149,000 after buying an additional 536 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock worth $58,000 after buying an additional 50 shares in the last quarter. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.

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