Grupo Aeroportuario dl Srst SAB CV (ASR) Lowered to Sell at Zacks Investment Research

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Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday, Zacks.com reports.

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. “

Several other analysts have also issued reports on the stock. Bank of America lowered shares of Grupo Aeroportuario dl Srst SAB CV from a “buy” rating to a “neutral” rating in a research report on Wednesday. Scotiabank lowered shares of Grupo Aeroportuario dl Srst SAB CV from a “sector perform” rating to an “underperform” rating in a research report on Monday, February 11th. BMO Capital Markets reiterated an “average” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research report on Wednesday, February 6th. Goldman Sachs Group lowered shares of Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Citigroup lowered shares of Grupo Aeroportuario dl Srst SAB CV from a “neutral” rating to a “sell” rating in a research report on Friday, March 1st. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $187.00.

Shares of Grupo Aeroportuario dl Srst SAB CV stock traded up $2.06 during trading on Friday, hitting $160.57. 47,573 shares of the company’s stock were exchanged, compared to its average volume of 61,365. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.23 and a quick ratio of 3.23. Grupo Aeroportuario dl Srst SAB CV has a 52-week low of $127.95 and a 52-week high of $212.70.

Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $2.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.01. The company had revenue of $213.56 million for the quarter, compared to analyst estimates of $215.29 million. Grupo Aeroportuario dl Srst SAB CV had a net margin of 32.77% and a return on equity of 13.85%. As a group, equities analysts expect that Grupo Aeroportuario dl Srst SAB CV will post 9.12 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Naples Global Advisors LLC boosted its position in Grupo Aeroportuario dl Srst SAB CV by 3.7% during the fourth quarter. Naples Global Advisors LLC now owns 2,120 shares of the transportation company’s stock worth $367,000 after acquiring an additional 75 shares during the last quarter. Quantamental Technologies LLC purchased a new position in Grupo Aeroportuario dl Srst SAB CV during the first quarter worth about $32,000. Oppenheimer & Co. Inc. raised its stake in Grupo Aeroportuario dl Srst SAB CV by 7.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 3,180 shares of the transportation company’s stock worth $479,000 after purchasing an additional 207 shares during the period. Quadrant Capital Group LLC raised its stake in Grupo Aeroportuario dl Srst SAB CV by 31.2% during the first quarter. Quadrant Capital Group LLC now owns 925 shares of the transportation company’s stock worth $148,000 after purchasing an additional 220 shares during the period. Finally, WCM Investment Management LLC raised its stake in Grupo Aeroportuario dl Srst SAB CV by 1.4% during the first quarter. WCM Investment Management LLC now owns 18,069 shares of the transportation company’s stock worth $2,923,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 20.87% of the company’s stock.

Grupo Aeroportuario dl Srst SAB CV 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. 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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