Time to Reconsider Grupo Aeroportuario dl Srst SAB CV (ADR) (ASR) After Making All-Time High?

July 17, 2017 - By Henry Gaston

The stock of Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) reached all time high today, Jul, 17 and still has $237.86 target or 6.00 % above today’s $224.40 share price. This indicates more upside for the $6.73 billion company. This technical setup was reported by Barchart.com. If the $237.86 PT is reached, the company will be worth $403.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 42,858 shares traded. Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) has risen 25.40% since July 17, 2016 and is uptrending. It has outperformed by 8.70% the S&P500.

Investors wait Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) to report on July, 19. its quarterly earnings Wall Street analysts expect $1.97 EPS, up $0.37 or 23.13 % from last year’s $1.6 same quarter earnings. This translates into $59.08M profit for ASR giving the stock a 28.48 P/E. This is assuming the current $1.97 EPS is accurate. Grupo Aeroportuario dl Srst SAB CV (ADR)’s Wall Street analysts see -10.45 % negative EPS growth, taking into account the $2.20 EPS reproted in the previous quarter,

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 had 6 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Tuesday, May 30 by Morgan Stanley. The stock of Grupo Aeroportuario dl Srst SAB CV (ADR) (NYSE:ASR) earned “Neutral” rating by Bank of America on Wednesday, November 9. The rating was downgraded by JP Morgan on Monday, May 15 to “Underweight”. As per Friday, January 22, the company rating was upgraded by Goldman Sachs.

Grupo Aeroportuario del Sureste SAB de CV is a Mexico holding company. The company has market cap of $6.73 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 29.26 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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