Grupo Aeroportuario may be one of the most successful companies you've never heard of. The Mexican company develops and operates airports in the Pacific region and Central Mexico. It has more than $1.5 billion annual revenue and both its revenue and earnings have been growing steadily. On Wednesday, the IBD SmartSelect Composite Rating for Grupo Aeroportuario stock rose to 96, up from 91 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks to buy and watch tend to have a 95 or better grade as they kick off a significant move.
Grupo Aeroportuario Stock An International Star
Grupo Aeroportuario is a real estate development company. Among the airports the company has developed and operates are ones in Guadalajara, La Paz, Los Cabos, Puerto Vallarta and Manzanillo.
Grupo Aeroportuario stock is currently forming a flat base, with a 198.28 entry. Look for the stock to break out in volume at least 40% above average. On Wednesday, the stock rose 2.3% to 192.50. It's advanced in stairstep fashion since shortly after the pandemic was announced in March 2020. At that time it dropped to a 44.28 low. It's climbed about 348% since then as Mexico builds out infrastructure including airports.
Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to large daily or weekly fluctuations since it takes fewer shares traded to move the share price significantly.
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In Q2, the company posted 27% earnings growth to $2.87 per share. Sales jumped 48% to $488.1 million. The prior three periods its sales rose 31%, 62% and then 53%.
Fundamentals Rating Outstanding
Grupo Aeroportuario stock earns an 88 Earnings Per Share Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 88% of all stocks. Its Accumulation/Distribution Rating of B- shows more buying than selling by institutional investors over the last 13 weeks. And it boasts an outstanding A SMR Rating (sales + profit margins + return on equity), on an A-to-E scale with A tops. The A rating points to outstanding fundamentals.
Grupo Aeroportuario stock holds the No. 5 rank among its peers in the 57-stock Real Estate-Development/Operations industry group. Canadian property management company FirstService and Florida-based developer St. Joe are also in the top 5 ranked stocks in the group.
