JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Grupo Aeroportuario del Sureste (NYSE:ASR)

Grupo Aeroportuario del Sureste (NYSE:ASR)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a report issued on Friday, Marketbeat Ratings reports.

ASR has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. Zacks Research cut Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Citigroup reaffirmed a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Finally, Morgan Stanley cut shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price objective on the stock. in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $305.00.

Grupo Aeroportuario del Sureste Stock Down 1.8%

Shares of ASR stock opened at $299.53 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. Grupo Aeroportuario del Sureste has a one year low of $249.21 and a one year high of $360.00. The company’s fifty day moving average price is $318.08 and its 200-day moving average price is $319.30. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 8.54 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%.The firm had revenue of $475.81 million during the quarter, compared to the consensus estimate of $502.91 million. Sell-side analysts expect that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 494.7% during the second quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 94 shares during the period. Hantz Financial Services Inc. lifted its holdings in Grupo Aeroportuario del Sureste by 13,800.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after buying an additional 138 shares in the last quarter. State of Wyoming bought a new stake in shares of Grupo Aeroportuario del Sureste during the third quarter valued at approximately $46,000. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after purchasing an additional 138 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. 10.57% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Sureste

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.