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

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

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. 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 research note on Friday, May 12th. 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 research note on Tuesday, May 30th. Finally, 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 note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Grupo Aeroportuario del Sureste, S.A. de C.V. currently has a consensus rating of “Hold” and an average target price of $187.50.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE ASR) traded up 1.06% during mid-day trading on Monday, reaching $201.91. The company’s stock had a trading volume of 33,230 shares. The firm’s 50 day moving average price is $212.34 and its 200 day moving average price is $188.38. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $131.72 and a 52 week high of $229.45. The firm has a market capitalization of $60.57 billion, a P/E ratio of 252.70 and a beta of 0.55.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.10. The company had revenue of $158.17 million for 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, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.21 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 26.5% in the first quarter. Ameriprise Financial Inc. now owns 5,708 shares of the transportation company’s stock valued at $989,000 after buying an additional 1,197 shares during the period. Karp Capital Management Corp bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the first quarter valued at $2,980,000. Forward Management LLC bought a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. during the first quarter valued at $572,000. Comerica Bank increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 1.3% in the first quarter. Comerica Bank now owns 1,588 shares of the transportation company’s stock valued at $298,000 after buying an additional 21 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. by 0.3% in the first quarter. BNP Paribas Arbitrage SA now owns 12,036 shares of the transportation company’s stock valued at $2,085,000 after buying an additional 40 shares during the period. 32.85% 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.

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