Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Rating Increased to Buy at StockNews.com

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other research firms have also issued reports on ASR. The Goldman Sachs Group upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “sell” rating to a “buy” rating and increased their price objective for the stock from $274.00 to $326.00 in a research note on Friday, January 26th. Barclays cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste, S. A. B. de C. V. currently has a consensus rating of “Moderate Buy” and an average price target of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Performance

Grupo Aeroportuario del Sureste, S. A. B. de C. V. stock opened at $339.41 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.88 and a quick ratio of 3.87. The stock has a fifty day moving average price of $307.84 and a two-hundred day moving average price of $274.26. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $165.00 and a 52-week high of $343.42. The firm has a market capitalization of $10.18 billion, a P/E ratio of 16.05, a P/E/G ratio of 3.00 and a beta of 1.18.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its quarterly earnings data on Monday, February 26th. The transportation company reported $4.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.78 by ($0.79). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.21% and a net margin of 40.21%. The company had revenue of $392.31 million for the quarter. As a group, analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Several hedge funds have recently added to or reduced their stakes in ASR. CWM LLC boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% in the fourth quarter. CWM LLC now owns 118 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 82 shares during the last quarter. Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.6% in the fourth quarter. Blue Trust Inc. now owns 187 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 72 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the fourth quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 119 shares during the last quarter. Signaturefd LLC boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 30.6% during the third quarter. Signaturefd LLC now owns 269 shares of the transportation company’s stock worth $66,000 after buying an additional 63 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth about $214,000. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.