Grupo Aeroportuario dl Srst SAB CV (ASR) Downgraded by Scotiabank

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an “average” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a report on Friday, December 14th. BMO Capital Markets reaffirmed an “average” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a report on Wednesday, February 6th. Zacks Investment Research raised shares of Grupo Aeroportuario dl Srst SAB CV from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a report on Monday, October 29th. Bank of America raised shares of Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to a “buy” rating and set a $187.00 price target on the stock in a report on Wednesday, December 12th. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario dl Srst SAB CV from an “underweight” rating to an “equal weight” rating in a research report on Monday, December 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $189.00.

Shares of Grupo Aeroportuario dl Srst SAB CV stock traded down $2.62 during trading on Monday, hitting $164.46. The stock had a trading volume of 3,649 shares, compared to its average volume of 43,881. The stock has a market cap of $4.63 billion, a P/E ratio of 16.66, a PEG ratio of 4.35 and a beta of 0.60. Grupo Aeroportuario dl Srst SAB CV has a 12 month low of $127.95 and a 12 month high of $212.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.87 and a current ratio of 2.87.

A number of large investors have recently made changes to their positions in the stock. William Blair Investment Management LLC bought a new position in Grupo Aeroportuario dl Srst SAB CV in the third quarter worth about $45,533,000. BlackRock Inc. grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 45.0% during the third quarter. BlackRock Inc. now owns 335,339 shares of the transportation company’s stock valued at $68,788,000 after buying an additional 104,092 shares during the last quarter. Investec Asset Management LTD boosted its position in Grupo Aeroportuario dl Srst SAB CV by 65.2% in the 4th quarter. Investec Asset Management LTD now owns 252,656 shares of the transportation company’s stock valued at $38,050,000 after buying an additional 99,694 shares during the period. Pendal Group Ltd purchased a new stake in Grupo Aeroportuario dl Srst SAB CV in the 3rd quarter valued at about $13,650,000. Finally, Millennium Management LLC purchased a new stake in Grupo Aeroportuario dl Srst SAB CV in the 2nd quarter valued at about $4,268,000. Institutional investors own 20.33% of the company’s stock.

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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