Scotiabank Downgrades Grupo Aeroportr dl Pcfco SAB de CV (PAC) to Sector Perform

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Monday, The Fly reports.

A number of other research firms have also recently weighed in on PAC. Zacks Investment Research raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “sell” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Thursday, January 17th. UBS Group raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Finally, Bank of America cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $151.00.

PAC stock opened at $88.63 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.34 and a current ratio of 2.34. Grupo Aeroportr dl Pcfco SAB de CV has a fifty-two week low of $64.45 and a fifty-two week high of $111.60. The stock has a market capitalization of $4.96 billion, a P/E ratio of 21.67, a PEG ratio of 3.02 and a beta of 0.39.

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportr dl Pcfco SAB de CV in the 3rd quarter worth about $2,850,000. BlackRock Inc. grew its position in Grupo Aeroportr dl Pcfco SAB de CV by 3.2% in the 2nd quarter. BlackRock Inc. now owns 467,699 shares of the transportation company’s stock valued at $43,453,000 after buying an additional 14,365 shares in the last quarter. Highstreet Asset Management Inc. bought a new position in Grupo Aeroportr dl Pcfco SAB de CV in the 3rd quarter valued at about $1,214,000. Freestone Capital Holdings LLC grew its position in Grupo Aeroportr dl Pcfco SAB de CV by 2.4% in the 3rd quarter. Freestone Capital Holdings LLC now owns 57,586 shares of the transportation company’s stock valued at $6,287,000 after buying an additional 1,327 shares in the last quarter. Finally, Aperio Group LLC grew its position in Grupo Aeroportr dl Pcfco SAB de CV by 16.1% in the 3rd quarter. Aperio Group LLC now owns 33,830 shares of the transportation company’s stock valued at $3,694,000 after buying an additional 4,703 shares in the last quarter. 7.40% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportr dl Pcfco SAB de CV

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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