Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Receives $255.00 Average Price Target from Brokerages

Posted by Defense World Staff on Sep 10th, 2023

Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Free Report) have earned a consensus rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $255.00.

Several analysts recently commented on ASR shares. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 31st. StockNews.com assumed coverage on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to an “underperform” rating in a research note on Wednesday, July 19th. Barclays upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “underweight” rating to an “overweight” rating in a research report on Monday, May 22nd. Finally, The Goldman Sachs Group cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “neutral” rating to a “sell” rating in a research note on Monday, July 10th.

Read Our Latest Report on Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Institutional Trading of Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 259.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 510 shares of the transportation company’s stock worth $156,000 after purchasing an additional 368 shares during the period. Voss Capital LLC bought a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 1st quarter valued at about $1,700,000. ProShare Advisors LLC bought a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 1st quarter valued at $743,000. Private Advisor Group LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the first quarter worth about $1,478,000. Finally, Veracity Capital LLC grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 6.2% during the 1st quarter. Veracity Capital LLC now owns 1,401 shares of the transportation company’s stock worth $429,000 after acquiring an additional 82 shares in the last quarter. 13.05% of the stock is currently owned by institutional investors.

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

ASR stock opened at $252.89 on Thursday. The firm has a market capitalization of $7.59 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05. The company has a fifty day simple moving average of $275.47 and a two-hundred day simple moving average of $285.04. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $191.43 and a 52 week high of $314.48. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.24.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $4.76 earnings per share for the quarter, missing analysts’ consensus estimates of $5.42 by ($0.66). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 38.49% and a return on equity of 20.94%. The firm had revenue of $359.27 million during the quarter. Analysts anticipate that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 20.69 earnings per share for the current fiscal year.

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

(Get Free Report

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.