Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) Rating Lowered to Strong Sell at ValuEngine

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research firms have also recently commented on ASR. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario dl Srst SAB CV from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 29th. Raymond James reaffirmed an “outperform” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Wednesday, October 30th. Finally, Zacks Investment Research raised shares of Grupo Aeroportuario dl Srst SAB CV from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $185.50.

Shares of NYSE:ASR traded up $1.65 on Thursday, reaching $171.85. The company’s stock had a trading volume of 21,089 shares, compared to its average volume of 63,200. Grupo Aeroportuario dl Srst SAB CV has a 52-week low of $127.95 and a 52-week high of $184.85. The company has a market cap of $5.13 billion, a P/E ratio of 20.68, a PEG ratio of 4.07 and a beta of 0.59. The company has a 50-day simple moving average of $160.48 and a 200 day simple moving average of $157.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.51 and a current ratio of 3.51.

Several hedge funds have recently added to or reduced their stakes in ASR. SPX Equities Gestao de Recursos Ltda boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 37.0% during the 2nd quarter. SPX Equities Gestao de Recursos Ltda now owns 10,000 shares of the transportation company’s stock worth $1,621,000 after purchasing an additional 2,700 shares during the period. Hexavest Inc. boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 49.6% during the 2nd quarter. Hexavest Inc. now owns 851 shares of the transportation company’s stock worth $138,000 after purchasing an additional 282 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 7.1% during the 2nd quarter. Naples Global Advisors LLC now owns 2,270 shares of the transportation company’s stock worth $368,000 after purchasing an additional 150 shares during the period. Bessemer Group Inc. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth about $12,309,000. Finally, Legato Capital Management LLC boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 20.6% during the 2nd quarter. Legato Capital Management LLC now owns 8,200 shares of the transportation company’s stock worth $1,329,000 after purchasing an additional 1,400 shares during the period. 18.40% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario dl Srst SAB CV Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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