Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives $210.00 Average Target Price from Analysts

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $210.00.

A number of research firms recently weighed in on PAC. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Institutional investors have recently made changes to their positions in the company. Dorsey Wright & Associates bought a new stake in Grupo Aeroportuario Del Pacifico in the third quarter worth about $1,353,000. Morningstar Investment Management LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth approximately $1,305,000. Laurion Capital Management LP bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth approximately $223,000. CANADA LIFE ASSURANCE Co lifted its stake in Grupo Aeroportuario Del Pacifico by 4.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 32,685 shares of the transportation company’s stock valued at $7,937,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Voleon Capital Management LP bought a new position in Grupo Aeroportuario Del Pacifico during the third quarter valued at $549,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC opened at $261.26 on Wednesday. The business’s fifty day moving average is $237.66 and its 200 day moving average is $235.90. Grupo Aeroportuario Del Pacifico has a 12-month low of $168.62 and a 12-month high of $273.40. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. The stock has a market cap of $13.20 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.97 and a beta of 1.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The business had revenue of $522.83 million for the quarter, compared to the consensus estimate of $11.04 billion. Sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.