HSBC Lowers Grupo Aeroportuario dl Srst SAB CV (ASR) to Reduce

HSBC lowered shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a hold rating to a reduce rating in a research note issued to investors on Monday, Marketbeat Ratings reports.

ASR has been the subject of several other research reports. Zacks Investment Research cut Grupo Aeroportuario dl Srst SAB CV from a hold rating to a sell rating in a report on Tuesday, September 4th. UBS Group started coverage on Grupo Aeroportuario dl Srst SAB CV in a report on Monday, August 27th. They issued a buy rating for the company. Morgan Stanley cut Grupo Aeroportuario dl Srst SAB CV from an equal weight rating to an underweight rating and set a $187.00 price target for the company. in a report on Thursday, October 4th. Bank of America started coverage on Grupo Aeroportuario dl Srst SAB CV in a report on Tuesday, August 28th. They issued a buy rating and a $218.00 price target for the company. Finally, ValuEngine upgraded Grupo Aeroportuario dl Srst SAB CV from a strong sell rating to a sell rating in a report on Thursday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Grupo Aeroportuario dl Srst SAB CV currently has a consensus rating of Hold and an average price target of $202.50.

ASR opened at $196.39 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 19.91 and a beta of 0.66. Grupo Aeroportuario dl Srst SAB CV has a 12 month low of $152.40 and a 12 month high of $212.70.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last posted its quarterly earnings results on Monday, July 23rd. The transportation company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.46 by $0.38. The company had revenue of $197.42 million during the quarter, compared to analysts’ expectations of $189.89 million. Grupo Aeroportuario dl Srst SAB CV had a return on equity of 18.17% and a net margin of 39.66%. As a group, sell-side analysts forecast that Grupo Aeroportuario dl Srst SAB CV will post 7.95 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Sei Investments Co. purchased a new stake in shares of Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth about $617,000. BlackRock Inc. grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 8.9% during the 1st quarter. BlackRock Inc. now owns 372,854 shares of the transportation company’s stock worth $63,597,000 after purchasing an additional 30,318 shares during the period. UBS Group AG grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 152.9% during the 1st quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock worth $371,000 after purchasing an additional 1,315 shares during the period. Schroder Investment Management Group grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 86.2% during the 2nd quarter. Schroder Investment Management Group now owns 45,800 shares of the transportation company’s stock worth $7,269,000 after purchasing an additional 21,200 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 7.0% during the 1st quarter. Handelsbanken Fonder AB now owns 381,380 shares of the transportation company’s stock worth $65,052,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 19.35% of the company’s stock.

About Grupo Aeroportuario dl Srst SAB CV

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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Analyst Recommendations for Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR)

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