Grupo Aeroportuario dl Srst SAB CV (ASR) Cut to “Sell” at ValuEngine

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “hold” rating in a report on Friday, October 5th. UBS Group lowered Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to a “sell” rating in a report on Thursday. Morgan Stanley lowered Grupo Aeroportuario dl Srst SAB CV from an “equal weight” rating to an “underweight” rating and set a $187.00 target price for the company. in a report on Thursday, October 4th. Bank of America initiated coverage on Grupo Aeroportuario dl Srst SAB CV in a report on Tuesday, August 28th. They issued a “buy” rating and a $218.00 target price for the company. Finally, HSBC downgraded Grupo Aeroportuario dl Srst SAB CV from a “hold” rating to a “reduce” rating in a research note on Monday, October 8th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $199.33.

Shares of Grupo Aeroportuario dl Srst SAB CV stock traded down $14.06 on Thursday, reaching $159.05. The company’s stock had a trading volume of 78,366 shares, compared to its average volume of 47,871. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 4.87 and a beta of 0.87. Grupo Aeroportuario dl Srst SAB CV has a 52 week low of $152.40 and a 52 week high of $212.70. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.44.

Several hedge funds have recently added to or reduced their stakes in ASR. UBS Group AG boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 152.9% in the 1st quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock worth $371,000 after buying an additional 1,315 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV in the 1st quarter worth $631,000. Conning Inc. boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 21.7% in the 2nd quarter. Conning Inc. now owns 6,441 shares of the transportation company’s stock worth $1,025,000 after buying an additional 1,150 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 4.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 253,666 shares of the transportation company’s stock worth $40,372,000 after buying an additional 10,126 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV in the 2nd quarter worth $617,000. Hedge funds and other institutional investors own 19.33% 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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