Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Gap Up to $273.28

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) gapped up prior to trading on Wednesday . The stock had previously closed at $273.28, but opened at $280.40. Grupo Aeroportuario del Sureste, S. A. B. de C. V. shares last traded at $281.73, with a volume of 1,363 shares changing hands.

Analysts Set New Price Targets

ASR has been the topic of a number of recent research reports. Barclays upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “underweight” rating to an “overweight” rating in a research report on Monday, May 22nd. Bank of America downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to an “underperform” rating in a research note on Wednesday, July 19th. StockNews.com started coverage on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “neutral” rating to a “sell” rating in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $255.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 1.5 %

The firm has a fifty day moving average price of $277.72 and a 200 day moving average price of $285.75. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 3.00 and a beta of 1.05. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.24.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $4.76 earnings per share for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.66). The firm had revenue of $359.27 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 38.49% and a return on equity of 20.94%. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 20.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASR. Cerity Partners LLC increased its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.0% during the 2nd quarter. Cerity Partners LLC now owns 993 shares of the transportation company’s stock worth $276,000 after purchasing an additional 38 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 3.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,092 shares of the transportation company’s stock worth $303,000 after purchasing an additional 39 shares during the period. Atlas Capital Advisors LLC lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 21.0% during the second quarter. Atlas Capital Advisors LLC now owns 248 shares of the transportation company’s stock worth $69,000 after purchasing an additional 43 shares during the last quarter. US Bancorp DE lifted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.1% during the 1st quarter. US Bancorp DE now owns 766 shares of the transportation company’s stock worth $170,000 after buying an additional 51 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,067 shares of the transportation company’s stock worth $591,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 13.05% of the company’s stock.

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.