Brokerages Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) PT at $250.00

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $250.00.

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their price objective on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Zacks Research lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $206.70 on Thursday. The company has a 50 day simple moving average of $231.33 and a 200 day simple moving average of $246.08. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.48 and a beta of 0.94. Grupo Aeroportuario Del Pacifico has a 1 year low of $205.46 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.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data 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 company had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 21.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock valued at $304,359,000 after buying an additional 206,914 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth approximately $42,634,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $30,453,000. Fisher Funds Management LTD bought a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth approximately $25,933,000. Finally, Bank of America Corp DE increased its position in Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after acquiring an additional 54,439 shares during the period. 11.73% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

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.