Goldman Sachs Maintains Grupo Aeroportuario dl Srst SAB CV (ADR) to Buy with Price Target $174.00

Brokerage firm Goldman Sachs Maintains its rating on Grupo Aeroportuario dl Srst SAB CV (ADR)(NYSE:ASR). In a research note issued to the investors, the brokerage major Raises the price-target to $174.00 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Jul 21, 2016.

Grupo Aeroportuario dl Srst SAB CV (ADR) (ASR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.71% or 4.19 points. Due to strong positive momentum, the stock ended at $158.76, which is also near the day’s high of $159.095. The stock began the session at $154.31 and the volume stood at 81,705 shares. The 52-week high of the shares is $167.86 and the 52 week low is $119.99. The company has a current market capitalization of $4,763 M and it has 3,00,00,000 shares in outstanding.

Grupo Aeroportuario del Sureste SAB de CV is a Mexico-based holding company. The Company and its subsidiaries hold concessions to operate maintain and develop nine airports in the southeast region of Mexico. The Company operates through segments including Cancun Airport and Subsidiaries (Cancun) Villahermosa Airport (Villahermosa) Merida International Airport (Merida) Services and Other. The nine airports are located in Cancun Cozumel Merida Huatulco Oaxaca Veracruz Villahermosa Tapachula and Minatitlan. As of December 31 2014 seven Mexican and 81 international airlines including the United States-based airlines such as American Airlines and United Air Lines were operating directly or through code-sharing arrangements (where one aircraft has two or more flight numbers of different allied airlines) in the Company’s airports.

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