Brokerages Set Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Price Target at $274.00

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $274.00.

Separately, StockNews.com downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a research report on Wednesday.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

A number of large investors have recently added to or reduced their stakes in ASR. CWM LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 227.8% in the 4th quarter. CWM LLC now owns 118 shares of the transportation company’s stock worth $35,000 after purchasing an additional 82 shares during the period. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the 4th quarter. Parallel Advisors LLC now owns 221 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 119 shares during the period. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 123 shares during the period. Signaturefd LLC grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 53.5% during the 4th quarter. Signaturefd LLC now owns 413 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 144 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 322 shares during the period. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Price Performance

ASR stock opened at $269.01 on Wednesday. The firm has a 50 day moving average price of $292.25 and a 200-day moving average price of $309.43. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $165.00 and a 52-week high of $357.90. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.97 and a current ratio of 3.97.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last released its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.64 by $3.96. The firm had revenue of $357.51 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 49.57% and a return on equity of 25.99%. Equities research analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23.04 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, July 8th. Shareholders of record on Tuesday, June 25th were given a $5.597 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 25th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s dividend payout ratio (DPR) is presently 50.54%.

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.