How Analysts Feel About Grupo Aeroportuario dl Srst SAB CV (ADR) (ASR) After Reaching 52-Week High?

June 20, 2017 - By Michael Collier

The stock of Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) hit a new 52-week high and has $220.88 target or 9.00 % above today’s $202.64 share price. The 8 months bullish chart indicates low risk for the $6.16 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $220.88 price target is reached, the company will be worth $554.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 8,540 shares traded. Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) has risen 25.40% since June 20, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.

Analysts expect Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) to report $1.97 EPS on July, 19.They anticipate $0.37 EPS change or 23.13 % from last quarter’s $1.6 EPS. ASR’s profit would be $59.90 million giving it 25.63 P/E if the $1.97 EPS is correct. After having $2.20 EPS previously, Grupo Aeroportuario dl Srst SAB CV (ADR)’s analysts see -10.45 % EPS growth.

Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) Ratings Coverage

Among 4 analysts covering Grupo Aeroportuario del Sureste (NYSE:ASR), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Grupo Aeroportuario del Sureste has $168 highest and $151 lowest target. $168’s average target is -17.09% below currents $202.64 stock price. Grupo Aeroportuario del Sureste had 6 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America on Wednesday, November 9 to “Neutral”. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, May 30. As per Friday, January 22, the company rating was upgraded by Goldman Sachs. JP Morgan downgraded the stock to “Underweight” rating in Monday, May 15 report.

Grupo Aeroportuario del Sureste SAB de CV is a Mexico holding company. The company has market cap of $6.16 billion. It and its subsidiaries hold concessions to operate, maintain and develop approximately nine airports in the southeast region of Mexico, as well as over 10 airports in Colombia. It has a 27.01 P/E ratio. The Firm operates through divisions, including Cancun airport and subsidiaries (Cancun), the Villahermosa Airport (Villahermosa), the Merida airport (Merida) and Services.

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