Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) Cut to “Sector Perform” at Scotiabank

Scotiabank downgraded shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday. They currently have $202.00 price objective on the transportation company’s stock, up from their prior price objective of $185.00.

Several other research firms have also commented on ASR. UBS AG lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a neutral rating to a sell rating in a research report on Wednesday, May 17th. Zacks Investment Research lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a buy rating to a hold rating in a research report on Thursday, August 17th. BidaskClub lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a buy rating to a hold rating in a research report on Monday, July 31st. Morgan Stanley lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from an overweight rating to an equal weight rating in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co lowered Grupo Aeroportuario del Sureste, S.A. de C.V. from a neutral rating to an underweight rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Grupo Aeroportuario del Sureste, S.A. de C.V. presently has a consensus rating of Hold and a consensus price target of $213.00.

Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) opened at 200.87 on Thursday. The firm’s 50-day moving average price is $206.86 and its 200-day moving average price is $193.45. The company has a market capitalization of $60.26 billion, a price-to-earnings ratio of 250.46 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12 month low of $131.72 and a 12 month high of $229.45.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.10. The company had revenue of $158.17 million during the quarter. Grupo Aeroportuario del Sureste, S.A. de C.V. had a return on equity of 18.02% and a net margin of 39.61%. Equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post $8.01 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ASR. Goldman Sachs Group Inc. boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 388.0% during the second quarter. Goldman Sachs Group Inc. now owns 99,378 shares of the transportation company’s stock worth $20,909,000 after buying an additional 79,012 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 6.7% during the second quarter. JPMorgan Chase & Co. now owns 580,034 shares of the transportation company’s stock worth $122,039,000 after buying an additional 36,658 shares during the period. AQR Capital Management LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 110.4% during the first quarter. AQR Capital Management LLC now owns 54,591 shares of the transportation company’s stock worth $9,457,000 after buying an additional 28,650 shares during the period. William Blair Investment Management LLC boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 14.0% during the second quarter. William Blair Investment Management LLC now owns 231,811 shares of the transportation company’s stock worth $48,773,000 after buying an additional 28,401 shares during the period. Finally, Forsta AP Fonden boosted its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. by 787.1% during the second quarter. Forsta AP Fonden now owns 27,500 shares of the transportation company’s stock worth $5,786,000 after buying an additional 24,400 shares during the period. Institutional investors and hedge funds own 32.90% of the company’s stock.

Grupo Aeroportuario del Sureste, S.A. de C.V. Company Profile

Grupo Aeroportuario del Sureste SAB de CV (ASUR) is a Mexico-based holding company. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. The Company operates through segments, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

Analyst Recommendations for Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

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