Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) Upgraded to “Buy” by 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 released on Tuesday morning, Zacks.com reports. The firm currently has $187.00 price objective 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. “

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario dl Srst SAB CV from an overweight rating to a neutral rating in a report on Tuesday, October 29th. ValuEngine cut Grupo Aeroportuario dl Srst SAB CV from a sell rating to a strong sell rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Grupo Aeroportuario dl Srst SAB CV has a consensus rating of Hold and a consensus target price of $187.00.

ASR stock opened at $168.99 on Tuesday. The company’s 50-day simple moving average is $167.23 and its 200-day simple moving average is $158.87. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.36. Grupo Aeroportuario dl Srst SAB CV has a 52-week low of $132.83 and a 52-week high of $184.85. The firm has a market cap of $5.14 billion, a P/E ratio of 20.34, a PEG ratio of 4.07 and a beta of 0.60.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.19. Grupo Aeroportuario dl Srst SAB CV had a return on equity of 15.28% and a net margin of 35.88%. The firm had revenue of $211.37 million during the quarter, compared to analyst estimates of $213.01 million. On average, analysts anticipate that Grupo Aeroportuario dl Srst SAB CV will post 9.57 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the 2nd quarter worth about $81,000. Tower Research Capital LLC TRC lifted its stake in Grupo Aeroportuario dl Srst SAB CV by 218.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 551 shares of the transportation company’s stock valued at $84,000 after buying an additional 378 shares in the last quarter. Quantamental Technologies LLC boosted its holdings in Grupo Aeroportuario dl Srst SAB CV by 250.0% in the 2nd quarter. Quantamental Technologies LLC now owns 700 shares of the transportation company’s stock worth $113,000 after buying an additional 500 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Grupo Aeroportuario dl Srst SAB CV in the 2nd quarter worth about $348,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter worth approximately $368,000. 18.25% of the stock is 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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