The Goldman Sachs Group Cuts Grupo Aeroportuario Del Pacifico (NYSE:PAC) Price Target to $275.00

Grupo Aeroportuario Del Pacifico (NYSE:PAC) had its price target cut by The Goldman Sachs Group from $312.00 to $275.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the stock. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $222.15 on Tuesday. Grupo Aeroportuario Del Pacifico has a 1 year low of $206.91 and a 1 year high of $300.41. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $11.23 billion, a PE ratio of 19.73, a P/E/G ratio of 1.55 and a beta of 0.94. The company’s 50 day simple moving average is $234.02 and its two-hundred day simple moving average is $248.43.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Analysts predict that Grupo Aeroportuario Del Pacifico will post 11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 3rd quarter worth $43,000. Kestra Advisory Services LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 4th quarter worth $54,000. Allworth Financial LP increased its position in shares of Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 149 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.