Grupo Aeroportuario Del Pacifico (NYSE:PAC) Price Target Cut to $275.00 by Analysts at The Goldman Sachs Group

Grupo Aeroportuario Del Pacifico (NYSE:PAC) had its target price lowered by research analysts at The Goldman Sachs Group from $312.00 to $275.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 24.16% from the stock’s current price.

Other analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has an average rating of “Moderate Buy” and a consensus price target of $275.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.5%

PAC stock traded up $3.36 during mid-day trading on Tuesday, reaching $221.50. The company’s stock had a trading volume of 43,749 shares, compared to its average volume of 119,073. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. Grupo Aeroportuario Del Pacifico has a 12 month low of $206.91 and a 12 month high of $300.41. The business’s 50 day moving average price is $235.36 and its 200 day moving average price is $249.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The firm had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. On average, equities research analysts predict that Grupo Aeroportuario Del Pacifico will post 11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Compound Planning Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 3.3% in the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after acquiring an additional 49 shares during the period. Van ECK Associates Corp grew its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 101 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Grupo Aeroportuario Del Pacifico by 19.2% in the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after purchasing an additional 106 shares during the period. Institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.