Grupo Aeroportuario dl Srst SAB CV (ASR) Raised 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 report released on Monday morning. Zacks Investment Research currently has $187.00 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. ValuEngine downgraded Grupo Aeroportuario dl Srst SAB CV from a sell rating to a strong sell rating in a report on Monday, November 26th. Morgan Stanley upgraded Grupo Aeroportuario dl Srst SAB CV from an underweight rating to an equal weight rating in a research note on Monday, December 10th. Bank of America lowered Grupo Aeroportuario dl Srst SAB CV from a buy rating to a neutral rating in a research note on Tuesday, October 30th. UBS Group upgraded Grupo Aeroportuario dl Srst SAB CV from a sell rating to a neutral rating in a research note on Monday, January 7th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario dl Srst SAB CV from a neutral rating to an overweight rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $187.00.

Grupo Aeroportuario dl Srst SAB CV stock opened at $161.34 on Monday. The stock has a market capitalization of $4.63 billion, a PE ratio of 16.31, a PEG ratio of 4.35 and a beta of 0.60. 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 $127.95 and a 12 month high of $212.70.

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of Grupo Aeroportuario dl Srst SAB CV in the fourth quarter valued at about $104,000. Federated Investors Inc. PA acquired a new stake in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter valued at approximately $178,000. Hsbc Holdings PLC acquired a new stake in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter valued at approximately $215,000. Wetherby Asset Management Inc. acquired a new stake in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter valued at approximately $246,000. Finally, Blair William & Co. IL acquired a new stake in Grupo Aeroportuario dl Srst SAB CV during the 3rd quarter valued at approximately $283,000. Institutional investors and hedge funds own 20.33% of the company’s stock.

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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