Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Lowered by StockNews.com

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on the stock. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Down 1.0 %

Shares of PAC stock opened at $187.40 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $9.47 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.46. The business’s fifty day moving average is $190.57 and its 200-day moving average is $184.12. Grupo Aeroportuario del Pacífico has a 1 year low of $146.62 and a 1 year high of $205.35.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after purchasing an additional 190,955 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Grupo Aeroportuario del Pacífico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock worth $132,732,000 after buying an additional 341,661 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Grupo Aeroportuario del Pacífico by 4.1% during the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company’s stock valued at $116,455,000 after buying an additional 25,918 shares in the last quarter. State Street Corp raised its position in Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in Grupo Aeroportuario del Pacífico by 31.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock worth $30,495,000 after acquiring an additional 41,266 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Company Profile

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.