Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Rating Increased to Buy at StockNews.com

Posted by Ethan Ryder on Sep 5th, 2024

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

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

NYSE ASR opened at $266.04 on Thursday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 12.58, a PEG ratio of 2.20 and a beta of 1.12. The stock has a 50-day simple moving average of $289.75 and a two-hundred day simple moving average of $308.83. 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. has a fifty-two week low of $165.00 and a fifty-two week high of $357.90.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $9.60 EPS for the quarter, beating analysts’ consensus estimates of $5.64 by $3.96. The firm had revenue of $357.51 million for the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 25.99% and a net margin of 49.57%. On average, equities analysts forecast that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 22.89 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 116.7% during the 4th quarter. Hsbc Holdings PLC now owns 92,230 shares of the transportation company’s stock worth $27,134,000 after purchasing an additional 49,668 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 64,453 shares of the transportation company’s stock valued at $19,300,000 after acquiring an additional 746 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the second quarter valued at approximately $14,927,000. BNP Paribas Financial Markets boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 22.5% in the first quarter. BNP Paribas Financial Markets now owns 46,061 shares of the transportation company’s stock worth $14,679,000 after acquiring an additional 8,462 shares during the last quarter. Finally, Alberta Investment Management Corp increased its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 83.5% during the fourth quarter. Alberta Investment Management Corp now owns 37,894 shares of the transportation company’s stock worth $11,151,000 after purchasing an additional 17,244 shares in the last quarter. 10.57% of the stock is currently owned by institutional investors and hedge funds.

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.