Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Average Recommendation of “Hold” from Analysts

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $250.00.

Several equities analysts have recently issued reports on PAC shares. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. The Goldman Sachs Group reduced their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in Grupo Aeroportuario Del Pacifico by 65.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the third quarter worth $43,000. Kestra Advisory Services LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth $54,000. Van ECK Associates Corp increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 92.0% during the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 149 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 0.8%

Shares of NYSE:PAC opened at $206.25 on Thursday. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.45 and a beta of 0.94. Grupo Aeroportuario Del Pacifico has a 1-year low of $203.24 and a 1-year high of $300.41. The company’s fifty day moving average is $230.21 and its two-hundred day moving average is $244.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). The business had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. Equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current year.

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.