Jefferies Financial Group Has Lowered Expectations for Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Stock Price

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) had its price target lowered by investment analysts at Jefferies Financial Group from $321.00 to $310.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 10.78% from the stock’s previous close.

Separately, StockNews.com cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “buy” rating to a “hold” rating in a report on Thursday, November 21st.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Down 0.4 %

Shares of ASR opened at $279.83 on Wednesday. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12-month low of $248.88 and a 12-month high of $357.90. The firm has a market capitalization of $8.39 billion, a P/E ratio of 10.41, a P/E/G ratio of 7.23 and a beta of 1.09. The firm has a 50-day moving average price of $267.93 and a 200 day moving average price of $271.69. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASR. JPMorgan Chase & Co. lifted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 249,572 shares of the transportation company’s stock worth $64,297,000 after purchasing an additional 6,552 shares in the last quarter. State Street Corp increased its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 4.5% during the 3rd quarter. State Street Corp now owns 164,576 shares of the transportation company’s stock worth $46,536,000 after purchasing an additional 7,070 shares during the period. National Bank of Canada FI acquired a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 3rd quarter valued at about $19,274,000. BNP Paribas Financial Markets boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 6.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 62,685 shares of the transportation company’s stock valued at $17,725,000 after buying an additional 4,010 shares during the period. Finally, Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth about $13,464,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. 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. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.