Grupo Aeroportuario dl Srst SAB CV (ASR) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a hold rating to a sell rating in a research report sent to investors on Monday.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

ASR has been the subject of a number of other reports. UBS Group initiated coverage on Grupo Aeroportuario dl Srst SAB CV in a research note on Monday, August 27th. They issued a buy rating for the company. ValuEngine upgraded Grupo Aeroportuario dl Srst SAB CV from a strong sell rating to a sell rating in a research note on Thursday, June 28th. Finally, Bank of America began coverage on Grupo Aeroportuario dl Srst SAB CV in a research note on Tuesday, August 28th. They issued a buy rating and a $218.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Grupo Aeroportuario dl Srst SAB CV presently has an average rating of Hold and an average target price of $218.00.

Shares of NYSE:ASR opened at $205.82 on Monday. Grupo Aeroportuario dl Srst SAB CV has a twelve month low of $152.40 and a twelve month high of $212.70. The firm has a market capitalization of $5.56 billion, a PE ratio of 20.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.11.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last announced its earnings results on Monday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.38. Grupo Aeroportuario dl Srst SAB CV had a return on equity of 18.17% and a net margin of 39.66%. The company had revenue of $197.42 million during the quarter, compared to analyst estimates of $189.89 million. equities analysts anticipate that Grupo Aeroportuario dl Srst SAB CV will post 7.95 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in ASR. Banco de Sabadell S.A acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the first quarter worth about $218,000. UBS Group AG increased its position in Grupo Aeroportuario dl Srst SAB CV by 152.9% in the first quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock worth $371,000 after purchasing an additional 1,315 shares during the period. Capital Fund Management S.A. acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the second quarter worth about $446,000. Dynamic Technology Lab Private Ltd acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the first quarter worth about $503,000. Finally, Sei Investments Co. acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the second quarter worth about $617,000. Hedge funds and other institutional investors own 19.35% 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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