Grupo Aeroportuario del Pacífico (NYSE:PAC) PT Raised to $205.00

Grupo Aeroportuario del Pacífico (NYSE:PAC) had its price target lifted by analysts at The Goldman Sachs Group from $177.00 to $205.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 15.62% from the company’s current price.

PAC has been the subject of a number of other research reports. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $205.00.

Grupo Aeroportuario del Pacífico Stock Down 0.5 %

Shares of PAC traded down $0.92 during midday trading on Friday, hitting $177.30. The company had a trading volume of 2,491 shares, compared to its average volume of 52,073. The company’s 50 day moving average price is $159.91 and its 200 day moving average price is $163.99. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52 week low of $107.25 and a 52 week high of $197.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The company had revenue of $421.54 million during the quarter. On average, equities research analysts predict that Grupo Aeroportuario del Pacífico will post 9.81 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAC. UMB Bank n.a. acquired a new position in Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $32,000. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after acquiring an additional 176 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 112.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock worth $48,000 after acquiring an additional 146 shares during the period. Mather Group LLC. acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $119,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter worth approximately $242,000. 11.73% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.