Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Stock Has Average Price Target of $250.00 According to Brokerages

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $259.00.

Several research analysts have recently issued reports on PAC shares. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. HSBC upgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price objective on the stock in a research report on Monday. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently bought and sold shares of PAC. Bank of America Corp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% during the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after purchasing an additional 54,439 shares during the period. Empowered Funds LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares during the period. Empirical Finance LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $7,195,000. Finally, Lazard Asset Management LLC raised its stake in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after buying an additional 18,139 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Stock Performance

Grupo Aeroportuario Del Pacifico stock opened at $209.93 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.61 billion, a PE ratio of 18.64, a P/E/G ratio of 1.49 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a 12-month low of $193.11 and a 12-month high of $300.41. The business’s 50-day moving average price is $209.49 and its two-hundred day moving average price is $230.54.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results 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 company had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. As a group, analysts expect that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.