Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Upgraded to “Overweight” by Barclays

Barclays upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Rating) from an underweight rating to an overweight rating in a report released on Monday morning, The Fly reports.

Several other brokerages also recently weighed in on ASR. JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an overweight rating to a neutral rating in a report on Thursday, March 30th. StockNews.com began coverage on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in a research note on Thursday, May 18th. They set a hold rating on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $215.00 to $255.00 and gave the stock a neutral rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a consensus rating of Hold and an average target price of $255.00.

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

Shares of NYSE:ASR opened at $279.70 on Monday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a twelve month low of $179.01 and a twelve month high of $314.48. The company’s 50 day moving average is $292.38 and its 200 day moving average is $272.96. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.39 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 3.10 and a beta of 1.08.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The transportation company reported $4.34 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.35). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.41% and a net margin of 39.70%. The business had revenue of $369.64 million during the quarter, compared to analyst estimates of $364.55 million. On average, sell-side analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 20.44 EPS for the current year.

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

The firm also recently announced an annual dividend, which will be paid on Monday, June 12th. Stockholders of record on Tuesday, May 30th will be given a dividend of $5.6528 per share. The ex-dividend date of this dividend is Friday, May 26th. This represents a dividend yield of 2.7%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s dividend payout ratio (DPR) is 39.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ASR. Envestnet Asset Management Inc. lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12,500.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 619,305 shares of the transportation company’s stock valued at $1,201,000 after purchasing an additional 614,390 shares in the last quarter. Deutsche Bank AG lifted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 500.5% in the 4th quarter. Deutsche Bank AG now owns 289,413 shares of the transportation company’s stock valued at $67,430,000 after purchasing an additional 241,214 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at $39,588,000. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 3rd quarter valued at $18,410,000. Finally, TT International Asset Management LTD purchased a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at $16,097,000. Hedge funds and other institutional investors own 15.66% of the company’s stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Company Profile

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Grupo Aeroportuario del Sureste SA de CV is a holding company, which engages in the operation, maintenance, and development of airports It operates through the following segments: Cancun, Aerostar, Airplan, Villahermosa, Merida, Holding and Services, and Other. The company was founded in 1996 and is headquartered in Mexico City, Mexico.