Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Gets Downgrade from Wall Street Zen

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

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group lowered their target price on shares of 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. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

Grupo Aeroportuario Del Pacifico Price Performance

Grupo Aeroportuario Del Pacifico stock opened at $203.51 on Friday. Grupo Aeroportuario Del Pacifico has a 12 month low of $192.65 and a 12 month 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 business has a 50 day simple moving average of $206.53 and a 200-day simple moving average of $228.29. The stock has a market capitalization of $10.28 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after purchasing an additional 83 shares in the last quarter. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 29.8% in the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 101 shares during the last quarter. Alamar Capital Management LLC acquired a new stake in Grupo Aeroportuario Del Pacifico in the first quarter valued at $222,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the first quarter valued at $251,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Grupo Aeroportuario Del Pacifico by 27.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock valued at $266,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.