Brokerages Set Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) PT at $121.20

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has received an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $121.20.

Several equities research analysts recently commented on the stock. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “neutral” rating in a research report on Thursday, July 8th. Zacks Investment Research upgraded shares of Grupo Aeroportuario del Pacífico from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Saturday, July 24th. HSBC restated a “buy” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Monday, June 14th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a “sector perform” rating to a “sector outperform” rating and set a $124.00 target price for the company in a research report on Thursday, July 29th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 1.2% during the 2nd quarter. BlackRock Inc. now owns 1,341,415 shares of the transportation company’s stock worth $143,384,000 after purchasing an additional 15,854 shares during the last quarter. Deutsche Bank AG lifted its position in Grupo Aeroportuario del Pacífico by 11.1% during the 2nd quarter. Deutsche Bank AG now owns 1,317,585 shares of the transportation company’s stock worth $140,837,000 after acquiring an additional 131,703 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Grupo Aeroportuario del Pacífico by 60.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 749,759 shares of the transportation company’s stock valued at $80,142,000 after acquiring an additional 282,858 shares during the period. State Street Corp grew its position in shares of Grupo Aeroportuario del Pacífico by 34.6% in the second quarter. State Street Corp now owns 347,428 shares of the transportation company’s stock valued at $37,137,000 after purchasing an additional 89,319 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Grupo Aeroportuario del Pacífico by 6.2% in the first quarter. Russell Investments Group Ltd. now owns 239,472 shares of the transportation company’s stock worth $25,188,000 after purchasing an additional 14,055 shares during the period. Institutional investors own 12.89% of the company’s stock.

PAC stock opened at $113.76 on Friday. Grupo Aeroportuario del Pacífico has a 12 month low of $68.48 and a 12 month high of $121.58. The firm has a market cap of $5.98 billion, a PE ratio of 41.37, a P/E/G ratio of 0.56 and a beta of 1.39. The firm has a 50 day simple moving average of $112.32 and a 200 day simple moving average of $109.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.39 and a quick ratio of 3.39.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its earnings results on Thursday, July 29th. The transportation company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.13 by $0.13. The business had revenue of $244.49 million during the quarter. Grupo Aeroportuario del Pacífico had a net margin of 22.69% and a return on equity of 13.94%. As a group, sell-side analysts expect that Grupo Aeroportuario del Pacífico will post 5.17 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico SAB de CV engages in the operation of a international airports in Mexico and Jamaica. It operates through the following segments: Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Montego Bay, Hermosillo, Bajío, and Other Airports. The company was founded on May 28, 1998 and is headquartered in Guadalajara, Mexico.

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Analyst Recommendations for Grupo Aeroportuario del Pacífico (NYSE:PAC)

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