StockNews Downgrades Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) to Hold
StockNews cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "buy" rating to a "hold" rating in a research note on Thursday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) was downgraded by StockNews.com (StockNews) to a "hold" rating in a research note issued to investors. The Goldman Sachs Group (Goldman Sachs Group) and Bank of America (Bank of America) have also raised their shares of Grupo. ASR traded up $8.51 on Thursday, with 34,309 shares of the company traded hands. The company last reported earnings of $4.99 for the quarter, missing analysts' consensus estimates of $5.78 by ($0.79). The company is expected to post 23.61 earnings per share for the current fiscal year.
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Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.
ASR has been the subject of a number of other research reports. Barclays downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 13th. The Goldman Sachs Group raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sell" rating to a "buy" rating and increased their price objective for the company from $274.00 to $326.00 in a research report on Friday, January 26th. Finally, Bank of America raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an "underperform" rating to a "buy" rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $274.00.
Check Out Our Latest Report on ASR
Shares of NYSE ASR traded up $8.51 on Thursday, reaching $331.81. 34,309 shares of the company traded hands, compared to its average volume of 49,953. 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 $331.81. The company has a 50 day moving average of $301.68 and a 200 day moving average of $266.28. The company has a current ratio of 4.26, a quick ratio of 2.97 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $9.95 billion, a PE ratio of 16.51, a P/E/G ratio of 3.10 and a beta of 1.18.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last posted its earnings results on Monday, February 26th. The transportation company reported $4.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.78 by ($0.79). The business had revenue of $392.31 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 20.77% and a net margin of 39.55%. On average, equities research analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12,500.3% during the first quarter. Envestnet Asset Management Inc. now owns 619,305 shares of the transportation company's stock worth $1,201,000 after purchasing an additional 614,390 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 10.0% during the first quarter. BlackRock Inc. now owns 360,238 shares of the transportation company's stock valued at $79,830,000 after purchasing an additional 32,860 shares during the period. WCM Investment Management LLC increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 3.0% during the first quarter. WCM Investment Management LLC now owns 255,120 shares of the transportation company's stock valued at $78,187,000 after purchasing an additional 7,497 shares during the period. State Street Corp increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 3.9% during the second quarter. State Street Corp now owns 209,158 shares of the transportation company's stock valued at $41,077,000 after purchasing an additional 7,922 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 19.1% during the third quarter. Morgan Stanley now owns 145,555 shares of the transportation company's stock valued at $35,765,000 after purchasing an additional 23,306 shares during the period. 10.57% of the stock is currently owned by hedge funds and other institutional investors.
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.
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