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

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

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

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 0.3 %

Shares of NYSE:ASR opened at $339.41 on Tuesday. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.00 and a beta of 1.18. The firm’s 50-day simple moving average is $307.84 and its 200-day simple moving average is $274.26. The company has a quick ratio of 3.87, a current ratio of 3.88 and a debt-to-equity ratio of 0.21. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a fifty-two week low of $165.00 and a fifty-two week high of $343.42.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% in the 4th quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock worth $27,134,000 after acquiring an additional 49,668 shares during the period. Canada Pension Plan Investment Board grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 169.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 28,600 shares of the transportation company’s stock worth $7,027,000 after acquiring an additional 18,000 shares during the period. Alberta Investment Management Corp grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% in the 4th quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock worth $11,151,000 after acquiring an additional 17,244 shares during the period. Itau Unibanco Holding S.A. grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 34.5% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 59,505 shares of the transportation company’s stock worth $14,621,000 after acquiring an additional 15,268 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 24.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 50,100 shares of the transportation company’s stock worth $12,310,000 after acquiring an additional 10,000 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

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.