Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 12-Month High – Here’s Why

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $264.55 and last traded at $264.0150, with a volume of 5670 shares traded. The stock had previously closed at $258.00.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAC. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Finally, Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 2.3%

The firm has a 50-day simple moving average of $226.42 and a 200 day simple moving average of $233.08. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market capitalization of $13.34 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.04.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The company had revenue of $522.83 million during the quarter, compared to analyst estimates of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. On average, research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Grupo Aeroportuario Del Pacifico by 192.5% in the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock valued at $32,840,000 after acquiring an additional 94,115 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Grupo Aeroportuario Del Pacifico by 27.7% in the 2nd quarter. Metis Global Partners LLC now owns 30,892 shares of the transportation company’s stock worth $7,093,000 after purchasing an additional 6,708 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 2nd quarter worth about $3,593,000. Quadrature Capital Ltd acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 2nd quarter valued at about $1,387,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 2nd quarter valued at about $1,297,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico 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.