Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a sell rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on PAC. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. The Goldman Sachs Group reduced their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Finally, Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC opened at $215.97 on Friday. Grupo Aeroportuario Del Pacifico has a one year low of $196.99 and a one year high of $300.41. The stock has a fifty day moving average of $210.83 and a 200-day moving average of $231.78. The company has a market capitalization of $10.91 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. 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 released its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). The company had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 65.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after buying an additional 65 shares during the period. Parallel Advisors LLC boosted its position in Grupo Aeroportuario Del Pacifico by 29.8% during the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after acquiring an additional 101 shares during the period. Hantz Financial Services Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 182 shares in the last quarter. Alamar Capital Management LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at about $222,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at about $251,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.