Grupo Aeroportuario dl Srst SAB CV (ASR) Upgraded to Buy at Zacks Investment Research

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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 note published on Monday morning. They currently have $193.00 price target 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. “

ASR has been the topic of a number of other reports. HSBC lowered Grupo Aeroportuario dl Srst SAB CV from a hold rating to a reduce rating in a research report on Monday, October 8th. UBS Group started coverage on Grupo Aeroportuario dl Srst SAB CV in a research report on Monday, August 27th. They set a buy rating on the stock. Morgan Stanley lowered Grupo Aeroportuario dl Srst SAB CV from an equal weight rating to an underweight rating and set a $187.00 target price on the stock. in a research report on Thursday, October 4th. Bank of America started coverage on Grupo Aeroportuario dl Srst SAB CV in a research report on Tuesday, August 28th. They set a buy rating and a $218.00 target price on the stock. Finally, ValuEngine raised Grupo Aeroportuario dl Srst SAB CV from a strong sell rating to a sell rating in a research report on Friday, July 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $199.33.

Shares of Grupo Aeroportuario dl Srst SAB CV stock opened at $162.17 on Monday. The firm has a market cap of $4.76 billion, a PE ratio of 16.40 and a beta of 0.66. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.44. Grupo Aeroportuario dl Srst SAB CV has a 12-month low of $152.40 and a 12-month high of $212.70.

Several institutional investors have recently made changes to their positions in the company. Hexavest Inc. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter valued at $117,000. UBS Group AG grew its holdings in shares of Grupo Aeroportuario dl Srst SAB CV by 152.9% during the first quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock valued at $371,000 after buying an additional 1,315 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the second quarter valued at $446,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the first quarter valued at $503,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter valued at $610,000. 19.40% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario dl Srst SAB CV

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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