Report
Chris Higgins
EUR 101.80 For Business Accounts Only

ASR benefits from the weakened peso; international travelers flocking to Cancun

We are transferring coverage of three Mexican airport groups, Grupo Aeroportuario del Centro Norte, Grupo Aeroportuario del Pacifico, and Grupo Aeroportuario del Sureste, and assign all three wide moat ratings. We prefer OMA and GAP, which are trading at price/fair value estimate ratios of 0.94 and 0.99, respectively. On the other hand, we believe the run up in ASR’s shares has eliminated most upside in the name and it is now in slightly overvalued territory. Although we're not finding any stron...
Underlying
Grupo Aeroportuario del Sureste S.A. de C.V. ADS Series B

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Higgins

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