Grupo Aeroportuario Stock (NYSE:ASR), Trade Ideas

Southeast Airport Group

Grupo Aeroportuario del Sureste SAB de CV operates airports in southeast Mexico. The company's segments include Cancun; Aerostar; Airplan; Merida; Villahermosa; Holding and Services and other. It generates maximum revenue from the Cancun segment.

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Gainers


	Orchard Therapeutics plc  (NASDAQ: ORTX) shares climbed 97.7% to $15.98 after the company agreed to be acquired by Japan&#39;s Kyowa Kirin for $16.00 per ADS in cash plus an additional contingent value right of $1.00 per ADS.


Why Accolade Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Short Ideas

On Wednesday, shares of Grupo Aeroportuario del Sureste (NYSE: ASR) experienced volatile short activity. After the activity, the stock price went down -0.94% to $204.83.

The overall sentiment for ASR has been Neutral.

Short Volatility Alert: Grupo Aeroportuario del Sureste

Travel

General

PLYA

The COVID-19 pandemic put a hurt on many areas around the world that rely on international travelers to fly into their airports, stay in resorts and ultimately spend money.

Rising cases of COVID-19 variants has hurt tourism again, but one place that doesn’t seem to be feeling the hurt is the tourist areas of Mexico.

2 Stock Picks For Booming Tourism In Mexico

Grupo Aeroportuario del Sureste, S.A. de C.V. Common Stock

Grupo Aeroportuario del Sureste SAB de CV

ASR - United States Dollar

A S ROMA SPA ORD by A S Roma Spa

Astra Energy Inc

GRUPO AEROPRTR SRTE SER B by Grupo Aeroportuario del Sureste S.A. de C.V.

Astrocast SA

ASR NEDERLAND N V ORD by ASR Nederland N.V.

ASR Nederland NV

Assertio Holdings Inc

AmeriServ Financial Inc

Barclays analyst Pablo Monsivais downgrades Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) from Overweight to Equal-Weight.

Downgrades

Analyst Ratings

Barclays Downgrades Grupo Aeroportuario to Equal-Weight

Southeast Airport Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) reported quarterly earnings of $5.00 per share which missed the analyst consensus estimate of $5.04 by 0.83 percent. This is a 14.01 percent increase over earnings of $4.38 per share from the same period last year. The company reported quarterly sales of $392.07 million which beat the analyst consensus estimate of $351.93 million by 11.41 percent. This is a 5.87 percent increase over sales of $370.33 million the same period last year.

Earnings

Southeast Airport Group Q4 Adjusted EPS $5.00 Misses $5.04 Estimate, Sales $392.07M Beat $351.93M Estimate

ASUR Reports Q4 23 Revenue Of Ps.6,876,941

Goldman Sachs analyst Bruno Amorim maintains Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) with a Sell and raises the price target from $227 to $274.

Price Target

Goldman Sachs Maintains Sell on Grupo Aeroportuario, Raises Price Target to $274

<h3>Gainers</h3>
<ul>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) shares increased by 196.8% to $0.83 during Thursday's regular session. The market value of their outstanding shares is at $8.9 million. </li>
<li>Sunworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNW#NASDAQ">SUNW</a>) shares rose 68.33% to $0.46. The company's market cap stands at $25.8 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares moved upwards by 67.28% to $3.58. The market value of their outstanding shares is at $152.4 million. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) shares increased by 25.58% to $0.22. The company's market cap stands at $9.8 million. </li>
<li>Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) shares moved upwards by 21.91% to $280.04. The company's market cap stands at $8.4 billion. </li>
<li>Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) shares moved upwards by 20.92% to $18.09. The company's market cap stands at $3.9 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Eastern Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EML#NASDAQ">EML</a>) shares declined by 13.3% to $22.58 during Thursday's regular session. The company's market cap stands at $140.8 million. </li>
<li>ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) shares decreased by 9.95% to $47.1. The market value of their outstanding shares is at $3.0 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock decreased by 9.64% to $12.66. The company's market cap stands at $1.0 billion. </li>
<li>AerSale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLE#NASDAQ">ASLE</a>) stock fell 9.0% to $13.45. The market value of their outstanding shares is at $690.3 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock fell 8.43% to $0.91. The company's market cap stands at $8.7 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares decreased by 7.59% to $1.45. The company's market cap stands at $2.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

WIIM

Grupo Aeroportuario shares are trading higher after B of A Securities upgraded the stock from Underperform to Buy.

B of A Securities analyst Carlos Peyrelongue upgrades Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) from Underperform to Buy.

Upgrades

B of A Securities Upgrades Grupo Aeroportuario to Buy

Citigroup downgraded its rating of Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) to Sell with a price target of $222.00, changing its price target from $228.00 to $222.00.
Shares of Grupo Aeroportuario are trading up 2.03% over the last 24 hours, at $235.67 per share.
A move to $222.00 would account for a 5.8% decrease from the current share price.
<h3>About Grupo Aeroportuario</h3>
Grupo Aeroportuario del Sureste SAB de CV operates airports in southeast Mexico. The company's segments include Cancun; Aerostar; Airplan; Merida; Villahermosa; Holding and Services and other. It generates maximum revenue from the Cancun segment.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigroup Downgrades Grupo Aeroportuario: Here's What You Need To Know

Citigroup analyst Stephen Trent downgrades Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) from Neutral to Sell and lowers the price target from $228 to $222.

Citigroup Downgrades Grupo Aeroportuario to Sell, Lowers Price Target to $222

<h3>Gainers</h3>
<ul>
<li>SP Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SP#NASDAQ">SP</a>) shares rose 45.6% to $51.57 during Thursday's regular session. The current volume of 3.1 million shares is 4597.9% of SP Plus's average full-day volume over the last 100 days (last updated at 13:31 EST). The market value of their outstanding shares is at $1.0 billion. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) shares rose 32.2% to $1.17. The current volume of 151.4K shares is 81.9% of TOMI Environmental Solns's average full-day volume over the last 100 days (last updated at 13:31 EST). The company's market cap stands at $23.1 million. </li>
<li>OceanPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OP#NASDAQ">OP</a>) shares rose 26.51% to $2.72. As of 13:31 EST, this security is trading at a volume of 345.8K shares, making up 191.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $9.6 million. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) stock increased by 13.02% to $2.42. Trading volume for this security as of 13:31 EST is 268.4K, which is 28.0% of its average full-day volume over the last 100 days. The company's market cap stands at $26.6 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares moved upwards by 10.89% to $0.31. Trading volume for Ault Alliance's stock is 8.0 million as of 13:31 EST. This is 577.7% of its average full-day volume over the last 100 days. The company's market cap stands at $2.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares increased by 9.84% to $1.45. The company's market cap stands at $38.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) stock declined by 29.6% to $1.55 during Thursday's regular session. Trading volume for this security as of 13:31 EST is 1.5 million, which is 209.6% of its average full-day volume over the last 100 days. The company's market cap stands at $1.3 million. </li>
<li>Central North Airport Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMAB#NASDAQ">OMAB</a>) shares decreased by 27.4% to $64.48. As of 13:31 EST, this security is trading at a volume of 766.6K shares, making up 1548.4% of its average full-day volume over the last 100 days. The company's market cap stands at $3.1 billion. </li>
<li>Grupo Aeroportuario del (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAC#NYSE">PAC</a>) shares declined by 22.62% to $126.62. Grupo Aeroportuario del's stock is trading at a volume of 427.0K shares as of 13:31 EST. This is 944.8% of its average full-day volume over the last 100 days. The company's market cap stands at $6.3 billion. </li>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) stock fell 21.41% to $0.61. The company's market cap stands at $18.0 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock decreased by 20.94% to $1.95. As of 13:31 EST, this security is trading at a volume of 104.3K shares, making up 630.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $21.3 million. </li>
<li>Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) shares fell 18.21% to $198.27. As of 13:31 EST, this security is trading at a volume of 361.9K shares, making up 694.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $5.9 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Orchard Therapeutics plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ortx#NASDAQ">ORTX</a>) shares climbed 97.7% to $15.98 after the company agreed to be acquired by Japan&#39;s Kyowa Kirin for $16.00 per ADS in cash plus an additional contingent value right of $1.00 per ADS.</li>
<li>Meiwu Technology Company Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NASDAQ">WNW</a>) gained 69.4% to $0.1641.</li>
<li>VS MEDIA Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vsme#NASDAQ">VSME</a>) climbed 66% to $7.74. VS Media announced its expansion into Macau.</li>
<li>SP Plus Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sp#NASDAQ">SP</a>) shares gained 47.5% to $52.24 after Metropolis Technologies announced it will acquire the company for $1.5 billion.</li>
<li>Camber Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cei#NYSE">CEI</a>) jumped 40% to $0.3470.</li>
<li>Better Choice Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bttr#NYSE">BTTR</a>) shares climbed 37.5% to $0.2198 after gaining 12% on Wednesday.</li>
<li>Grom Social Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grom#NASDAQ">GROM</a>) shares gained 32% to $2.3095 after gaining around 13% on Wednesday.</li>
<li>Ault Alliance, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ault#NYSE">AULT</a>) climbed 23% to $0.3445. Ault Alliance&#39;s subsidiary, Giga-tronics, said its third-quarter orders have eclipsed $15.4 million.</li>
<li>Motorsport Games Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msgm#NASDAQ">MSGM</a>) gained 19.3% to $4.0674.</li>
<li>Euronav NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eurn#NYSE">EURN</a>) surged 17.3% to $17.33. Euronav confirmed that Frontline and CMB NV, are in discussions on an integrated solution to strategic and structural deadlock in Euronav.</li>
<li>Oragenics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogen#NYSE">OGEN</a>) climbed 15% to $3.7450. Oragenics announced plans to acquire Odyssey Health&#39;s assets related to its proprietary neurological drug therapies and technologies.</li>
<li>OceanPal Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/op#NASDAQ">OP</a>) gained 13% to $2.43.</li>
<li>Lamb Weston Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lw#NYSE">LW</a>) rose 12.2% to $101.54 after the company reported better-than-expected first-quarter financial results.</li>
<li>Momentus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnts#NASDAQ">MNTS</a>) gained 11.4% to $1.2255. Momentus announced closing of $4.0 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>VEON Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/veon#NASDAQ">VEON</a>) gained 9.6% to $20.41. VEON said that its Beeline Uzbekistan, its digital operator in Uzbekistan, opened the Beeline Academy in Tashkent to help train IT, AI, cybersecurity and data protection experts.</li>
<li>Connect Biopharma Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cntb#NASDAQ">CNTB</a>) surged 8.8% to $0.9799.</li>
<li>Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) shares rose 8.7% to $0.1250. Molekule Group shares fell 44% on Wednesday after the company and its subsidiary filed for Chapter 11 bankruptcy.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omab#NASDAQ">OMAB</a>) shares dipped 39.6% to $53.63.</li>
<li>Cambium Networks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmbm#NASDAQ">CMBM</a>) shares fell 35.9% to $5.07 after the company announced it expects preliminary third-quarter revenues of between $40-$45 million compared to the previous outlook of $62-$70 million.</li>
<li>Grupo Aeroportuario del Pac&iacute;fico, S.A.B. de C.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pac#NYSE">PAC</a>) fell 30.3% to $114.00.</li>
<li>Bridgetown Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btwn#NASDAQ">BTWN</a>) declined 30% to $7.30.</li>
<li>Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asr#NYSE">ASR</a>) fell 28.2% to $174.15.</li>
<li>Inspirato Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ispo#NASDAQ">ISPO</a>) fell 24.7% to $0.47. Inspirato said it has closed its $25 million senior secured convertible note issued by Inspirato to Capital One Ventures.</li>
<li>NKGen Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkgn#NASDAQ">NKGN</a>) fell 23.5% to $3.7699. NKGen Biotech recently announced that it has closed its previously announced business combination with Graf Acquisition Corp. IV.</li>
<li>Longeveron Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) fell 21.9% to $1.9601. The company announced topline results from the Phase 2a trial of its investigational product Lomecel-B for mild Alzheimer&#39;s disease.</li>
<li>Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) fell 21.7% to $1.7303. Gaucho Group recently announced new initiatives to increase stockholder value.</li>
<li>ZIVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zivo#NASDAQ">ZIVO</a>) fell 21% to $1.0296.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) declined 19% to $3.19.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/whlr#NASDAQ">WHLR</a>) dipped 18.7% to $1.9250.</li>
<li>MaxCyte, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mxct#NASDAQ">MXCT</a>) shares fell 18.7% to $2.66. MaxCyte said it sees third-quarter total revenue of $7.8 to 8.0 million, representing a decrease of 25% -27% versus the year-ago quarter. The company now expects total revenue of approximately $34 million to $36 million for the year.</li>
<li>OKYO Pharma Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/okyo#NASDAQ">OKYO</a>) fell 17.4% to $2.27. Okyo Pharma announced safety data profile for ongoing OK-101 Phase 2 trial for dry eye disease.</li>
<li>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) shares dipped 17% to $19.66 after announcing a debt offering. Alongside this, the company also provided a preliminary print of its third-quarter revenue, which fell in line with expectations.</li>
<li>Professional Diversity Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipdn#NASDAQ">IPDN</a>) fell 16.7% to $2.0468.</li>
<li>SenesTech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snes#NASDAQ">SNES</a>) declined 14.1% to $0.3812.</li>
<li>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>) fell 12.1% to $1.75.</li>
<li>Brooge Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brog#NASDAQ">BROG</a>) declined 11.4% to $5.18.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) fell 11.2% to $7.95. Nanobiotix announced presentation of the final efficacy analysis from Phase 1 cohort expansion evaluating NBTXR3 in locally advanced head and neck cancer showing median progression-free survival of 16.9 months and median overall survival of 23.1 months.</li>
<li>Baijiayun Group Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rtc#NASDAQ">RTC</a>) declined 10.9% to $3.83.</li>
<li>Sigma Lithium Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgml#NASDAQ">SGML</a>) fell 10.1% to $26.85.</li>
<li>Accolade Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/accd#NASDAQ">ACCD</a>) shares fell 9.9% to $8.78 after the company reported second-quarter results. Accolade said it sees FY24 revenue of $410 million to $414 million.</li>
<li>Clear Channel Outdoor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cco#NYSE">CCO</a>) fell 9.3% to $1.2250.</li>
<li>XORTX Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xrtx#NASDAQ">XRTX</a>) declined 8.8% to $0.37</li>
<li>SeaStar Medical Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssu#NASDAQ">SSU</a>) fell 8.7% to $0.1296. SeaStar Medical recently issued a regulatory update regarding selective cytopheretic device use in pediatric acute kidney injury under a humanitarian device exemption.</li>
<li>SIGNA Sports United N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ssu#NYSE">SSU</a>) fell 8.6% to $0.1298.</li>
<li>Fastly, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NYSE">FSLY</a>) fell 8.1% to $16.76.</li>
<li>The Clorox Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clx#NYSE">CLX</a>) shares fell 7.9% to $121.43 after the company reported preliminary first-quarter financial results.</li>
<li>Resources Connection, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgp#NASDAQ">RGP</a>) fell 7.3% to $13.43 after the company reported first-quarter financial results.</li>
</ul>
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Why Accolade Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of several Mexican airlines are trading lower after some operators were notified of tariff base regulation changes by Mexico's Federal Civil Aviation Agency.

ASUR Notified Of Tariff Base Regulation Changes By Mexico's Federal Civil Aviation Agency

ASUR Reports Q2 Earnings Per ADS Decline Of 8.1% To $4.7556; Revenues Fall 2.6%

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Benzinga's Top Ratings Upgrades, Downgrades For July 11, 2023

Goldman Sachs analyst Bruno Amorim downgrades Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) from Neutral to Sell and lowers the price target from $282 to $28.

Goldman Sachs Downgrades Grupo Aeroportuario to Sell, Lowers Price Target to $28

ASUR Reports Passenger Traffic For June 2023 Of 5.9M Passengers, 4.5% Above Prior Levels

Goldman Sachs analyst Bruno Amorim maintains Grupo Aeroportuario (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) with a Neutral and raises the price target from $255 to $282.

Goldman Sachs Maintains Neutral on Grupo Aeroportuario, Raises Price Target to $282

Southeast Airport Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) reported quarterly earnings of $4.64 per share which beat the analyst consensus estimate of $4.51 by 2.88 percent. This is a 26.43 percent increase over earnings of $3.67 per share from the same period last year. The company reported quarterly sales of $345.47 million which beat the analyst consensus estimate of $328.88 million by 5.04 percent. This is a 32.10 percent increase over sales of $261.52 million the same period last year.

Southeast Airport Group Q1 EPS $4.64 Beats $4.51 Estimate, Sales $345.47M Beat $328.88M Estimate

Goldman Sachs analyst Bruno Amorim maintains Southeast Airport Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASR#NYSE">ASR</a>) with a Neutral and raises the price target from $215 to $255.

Goldman Sachs Maintains Neutral on Southeast Airport Group, Raises Price Target to $255

Notable earnings after Monday's close

Grupo Aeroportuario GAAP EPADS of $5.00, revenue of Ps. 6.88B

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Q4 2023 Earnings Call Transcript

ASUR says passenger traffic rose 4.8% in February

Grupo Aeroportuario del Sureste: Upgrading The Stock To Strong Buy

ASUR says passenger traffic rose 6.6% in March

Grupo Aeroportuario Del Sureste (ASR) has released an update. Grupo Aeroportuario del Sureste (ASUR) reported a 6.6% increase in passenger traffic ...

ASUR Registers Strong Passenger Traffic Growth

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s a great time to be looking at stocks in the travel and hospitality industries.



The sector was temporarily beaten down due to the COVID-19 pandemic. However, tourism activity has come absolutely roaring back since the global economy reopened and travel restrictions were lifted. In addition, government stimulus and a sharp jump in consumer income have led to a surge in discretionary spending. In turn, much of that extra disposable income has gone to tourism and other experiences.



This has led the travel industry to enjoy record volumes, and in some cases record profits over the past year. The global economy is always a question mark. For now, though, the outlook remains highly favorable for these three&nbsp;<a target="_blank" href="https://investorplace.com/industries/consumer-discretionary/travel/">travel stocks</a>.



<h2>Grupo Aeroportuario del Sureste (ASR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/airline-stocks-300x169.jpg" alt="a jet takes off on a clear runway."><div>Source: m.photo / Shutterstock.com</div></div>Grupo Aeroportuario del Sureste&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/asr-stock-quote/">ASR</a>), or Southeastern Airport Group in English, is a Mexican private airport operator.&nbsp;



It runs numerous airports in Mexico, including its flagship Cancun property. In addition, it controls six airports in Colombia, including Medellin&rsquo;s international airport. Sureste also operates the San Juan, Puerto Rico airport.&nbsp;&nbsp;



Mexico has enjoyed a tourism boom thanks to its proximity to the U.S. and Canada along with relatively low prices for hotels and other amenities. Cancun has seen&nbsp;<a target="_blank" href="https://airserviceone.com/cancun-passes-30-million-passengers-in-2022-new-records-for-both-domestic-and-international-traffic/">passenger volumes</a>&nbsp;explode over the past decade. Sureste&rsquo;s other airports in Mexico such as Merida should benefit from both the stronger domestic economy and increasing tourism volumes.&nbsp;



Sureste&rsquo;s Colombian airports should also show sharply stronger growth in 2024. Last year, two Colombian discount airlines went bankrupt and shut down, causing traffic to fall by double digits year-over-year. As those bad comps roll off, Sureste will report excellent results from its Colombia airports this year.&nbsp;



Shares continue to trade at a relatively low valuation of 13.5 times forward earnings, which is remarkable given that the firm has grown earnings at a double digit compounded rate since the company went public.



As Mexico and the U.S. continue to form stronger cultural and demographic ties, Sureste should continue to enjoy rising tourism flows and increasing profitability. In January, ASR stock scored a rare&nbsp;<a target="_blank" href="https://seekingalpha.com/news/4059121-mexican-airports-upgraded-at-goldman-sachs">double upgrade</a>&nbsp;from Goldman Sachs. Goldman raised its outlook on Sureste shares from &ldquo;sell&rdquo; to &ldquo;buy&rdquo; citing strong growth and an undemanding valuation.



<h2>Corporacion America Airports (CAAP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/shutterstock_403443151-300x169.jpg" alt="two women carrying luggage in an airport"><div>Source: Shine Nucha / Shutterstock</div></div>Turning to South America,&nbsp;Corporacion America Airports&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/caap-stock-quote/">CAAP</a>) is one of the world&rsquo;s largest private airport operators with&nbsp;<a target="_blank" href="https://www.caap.aero/about.php">52 properties</a>&nbsp;which serve more than 80 million passengers annually. It controls most of the commercial airports in the nation of Argentina, including the various Buenos Aires airports. In addition, CAAP has airports in Brazil, Italy, Armenia, Ecuador, and Uruguay.



The firm&rsquo;s stock crashed as much as 90% between its 2018 IPO and when it ultimately bottomed during the pandemic. Investors had been concerned about a liquidity squeeze, but the airport operator was able to negotiate aid and contract extensions from various government entities as relief for the pandemic-related losses. The airport operator also slashed costs during that time.



As such, Corporacion America Airports is now several times more profitable today than it was prior to the pandemic. Regardless, shares are still only trading around the firm&rsquo;s original 2018 IPO price.&nbsp;



That discrepancy has left shares sitting at just&nbsp;<a target="_blank" href="https://seekingalpha.com/symbol/CAAP/earnings/estimates">8 times</a>&nbsp;estimated fiscal year 2025 earnings and just seven times enterprise value to EBITDA, which is far lower than comparable publicly-traded airport groups. And that&rsquo;s with the firm expected to grow earnings at a rapid clip in future years.&nbsp;



Shares are dramatically undervalued and should continue to rally and hit fresh all-time highs. That&rsquo;s doubly true as investors have grown more optimistic about Argentina thanks to that country&rsquo;s new and staunchly pro-business government.



<h2>Sabre (SABR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/sabr-stock-1-300x169.jpg" alt="The logo for Sabre Corporation (SABR) is displayed on a smartphone screen."><div>Source: IgorGolovniov / Shutterstock.com</div></div>Sabre&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/sabr-stock-quote/">SABR</a>) operates a&nbsp;<a target="_blank" href="https://www.siteminder.com/r/global-distribution-system/">global distribution system</a>. These are the platforms that airlines, passenger railroads, cruise operators, hotels, and other travel companies use to distribute tickets and reservations to travel agencies and other customers.&nbsp;



GDS operators serve as a marketplace; the airlines and other providers list all of their available itineraries and then travel agencies, online booking sites, and so on can sort through the GDS inventory and purchase through that platform. The GDS operator collects a fee for the purchase.&nbsp;



For obvious reasons, the GDS operators including Sabre saw their profits collapse during the pandemic. Sabre was caught in a particular bind, since it had invested heavily to modernize its previously outdated IT system.&nbsp;



Unfortunately, the debt related to that expense piled up and the firm hasn&rsquo;t been able to recoup on that investment quickly enough thanks to the travel stoppage. This explains why Sabre remains at a depressed valuation despite the ensuing travel recovery.&nbsp;



However, the company expects major&nbsp;<a target="_blank" href="https://seekingalpha.com/article/4670727-sabre-corporation-sabr-q4-2023-earnings-call-transcript">cost savings</a>&nbsp;in 2024 and 2025 and has a path to positive earnings. Sabre is in a race against the clock to reach profitability and deal with its interest expenses and flimsy balance sheet. But if the firm can successfully roll over its nearer-term obligations, the stock could be a multi-bagger from current levels.&nbsp;



Sabre stock has tremendous torque for higher international travel and tourism volumes making it a great pick for travel stock bulls. SABR stock is the riskiest on this list, but if general economic conditions permit, the stock could have tremendous upside from current levels.



On the date of publication, Ian Bezek held a long position in ASR and CAAP stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a target="_blank" href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/wall-street-favorites-3-travel-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 3 Travel Stocks With Strong Buy Ratings for April 2024 </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Wall Street Favorites: 3 Travel Stocks With Strong Buy Ratings for April 2024

Economic And Political Uncertainties Make Grupo Aeroportuario del Pacifico A Harder Call Today

Grupo Aeroportuario Del Sureste (ASR) has released an update. Grupo Aeroportuario del Sureste (ASUR), a major airport group with operations across ...