Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) Stock Rating Lowered by BidaskClub

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 24th.

ASR has been the subject of several other reports. UBS AG downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 6th. J P Morgan Chase & Co downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “neutral” rating to an “underweight” rating in a report on Friday, May 12th. Zacks Investment Research raised shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “hold” rating to a “strong-buy” rating and set a $216.00 price objective for the company in a report on Tuesday, April 25th. Finally, Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $183.50.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) opened at 200.96 on Monday. The firm has a market cap of $60.29 billion, a price-to-earnings ratio of 250.57 and a beta of 0.55. The company’s 50 day moving average is $213.29 and its 200 day moving average is $186.33. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $131.72 and a 12-month high of $229.45.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last posted its earnings results on Thursday, July 20th. The transportation company reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.10. The company had revenue of $158.17 million during the quarter. Grupo Aeroportuario del Sureste, S.A. de C.V. had a net margin of 39.61% and a return on equity of 18.02%. On average, equities analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.21 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Wetherby Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the second quarter worth $252,000. FCA Corp TX bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the first quarter worth $225,000. Tower Research Capital LLC TRC bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the first quarter worth $229,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. during the second quarter worth $305,000. Finally, Wells Fargo & Company MN increased its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the second quarter. Wells Fargo & Company MN now owns 1,467 shares of the transportation company’s stock worth $309,000 after buying an additional 19 shares during the period. 32.89% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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