Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) from a hold rating to a buy rating in a research report report published on Monday morning, Zacks.com reports. Zacks Investment Research currently has $184.00 price target on the transportation company’s stock.

According to Zacks, “Grupo Aeroportuario del Sureste is a Mexican airport operator with concessions to operate, maintain and develop the airports of Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan in the southeast of Mexico. “

ASR has been the topic of several other research reports. Raymond James reaffirmed an outperform rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario dl Srst SAB CV from an overweight rating to a neutral rating in a research note on Tuesday, October 29th. ValuEngine raised shares of Grupo Aeroportuario dl Srst SAB CV from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, CIBC reissued an average rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $185.50.

Shares of NYSE ASR traded down $3.37 during mid-day trading on Monday, hitting $168.51. The company’s stock had a trading volume of 38,686 shares, compared to its average volume of 66,581. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 3.89 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.51 and a quick ratio of 3.51. Grupo Aeroportuario dl Srst SAB CV has a one year low of $127.95 and a one year high of $184.85. The company’s fifty day simple moving average is $158.65 and its 200-day simple moving average is $157.78.

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Grupo Aeroportuario dl Srst SAB CV by 2.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 760,447 shares of the transportation company’s stock worth $128,941,000 after acquiring an additional 20,023 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Grupo Aeroportuario dl Srst SAB CV by 1.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 758,469 shares of the transportation company’s stock worth $122,955,000 after buying an additional 9,862 shares during the period. William Blair Investment Management LLC raised its holdings in Grupo Aeroportuario dl Srst SAB CV by 46.6% during the 2nd quarter. William Blair Investment Management LLC now owns 346,820 shares of the transportation company’s stock worth $56,219,000 after buying an additional 110,320 shares during the period. Investec Asset Management LTD raised its holdings in Grupo Aeroportuario dl Srst SAB CV by 7.7% during the 2nd quarter. Investec Asset Management LTD now owns 252,231 shares of the transportation company’s stock worth $40,889,000 after buying an additional 18,071 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Grupo Aeroportuario dl Srst SAB CV by 27.8% during the 2nd quarter. Renaissance Technologies LLC now owns 95,399 shares of the transportation company’s stock worth $15,465,000 after buying an additional 20,744 shares during the period. 19.80% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario dl Srst SAB CV 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. 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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