Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Stock Has Consensus Price Target of $349.00 According to Brokerages

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $349.00.

A number of equities research analysts have issued reports on the company. Weiss Ratings raised Grupo Aeroportuario del Sureste from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Zacks Research raised Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Finally, HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price objective on the stock in a research note on Thursday, July 30th.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Grupo Aeroportuario del Sureste in the 3rd quarter valued at $61,000. Parallel Advisors LLC lifted its holdings in shares of Grupo Aeroportuario del Sureste by 42.1% during the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company’s stock valued at $142,000 after acquiring an additional 125 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at $220,000. Finally, Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at $235,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Stock Up 1.4%

Shares of NYSE ASR opened at $272.07 on Thursday. Grupo Aeroportuario del Sureste has a 52-week low of $226.19 and a 52-week high of $381.52. The firm has a fifty day moving average of $247.45 and a 200-day moving average of $295.49. The stock has a market capitalization of $8.16 billion, a PE ratio of 14.53, a P/E/G ratio of 2.18 and a beta of 0.49. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings data on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.40). The firm had revenue of $576.34 million for the quarter, compared to analyst estimates of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. On average, analysts anticipate that Grupo Aeroportuario del Sureste will post 18.32 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 27th will be given a dividend of $5.3688 per share. The ex-dividend date of this dividend is Friday, November 27th. Grupo Aeroportuario del Sureste’s payout ratio is 66.79%.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.