Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from an underperform rating to a hold rating in a research note published on Wednesday, Marketbeat reports. Jefferies Financial Group currently has $210.00 target price on the transportation company’s stock, up from their prior target price of $140.00.

Several other equities research analysts have also weighed in on the company. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC opened at $203.20 on Wednesday. The business’s fifty day moving average price is $186.83 and its 200 day moving average price is $177.66. Grupo Aeroportuario del Pacífico has a 12-month low of $139.64 and a 12-month high of $204.37. The stock has a market capitalization of $10.27 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Pitcairn Co. increased its holdings in shares of Grupo Aeroportuario del Pacífico by 8.0% during the fourth quarter. Pitcairn Co. now owns 4,677 shares of the transportation company’s stock valued at $818,000 after purchasing an additional 346 shares during the period. Geode Capital Management LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company’s stock valued at $458,000 after purchasing an additional 150 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 8.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 590 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Aeroportuario del Pacífico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after purchasing an additional 72,798 shares during the period. Finally, LPL Financial LLC bought a new position in Grupo Aeroportuario del Pacífico during the fourth quarter valued at about $470,000. 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.