Grupo Aeroportuario Del Pacifico (NYSE:PAC) Raised to Hold at Wall Street Zen

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Several other analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. The Goldman Sachs Group reduced their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. Finally, Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.9%

PAC opened at $214.09 on Friday. The company has a market capitalization of $10.82 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The firm has a 50-day simple moving average of $210.78 and a two-hundred day simple moving average of $231.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico has a 52 week low of $196.99 and a 52 week high of $300.41.

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 analysts’ consensus estimates of $3.10 by ($0.30). The firm had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. Analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently modified their holdings of PAC. EverSource Wealth Advisors LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after buying an additional 65 shares during the period. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 29.8% during the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after buying an additional 101 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company’s stock valued at $337,000 after buying an additional 109 shares during the period. Compound Planning Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 7.9% during the first quarter. Compound Planning Inc. now owns 1,644 shares of the transportation company’s stock valued at $406,000 after buying an additional 120 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 38.1% in the fourth quarter. Hantz Financial Services Inc. now owns 660 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 182 shares in the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.