Grupo Aeroportuario del Pacífico (NYSE:PAC) Hits New 52-Week High – Time to Buy?

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $204.47 and last traded at $204.82, with a volume of 68857 shares traded. The stock had previously closed at $201.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 1.5 %

The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.26 and a beta of 1.47. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The business’s 50 day simple moving average is $187.26 and its 200 day simple moving average is $179.17.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after buying an additional 53 shares during the last quarter. Albert D Mason Inc. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 0.5% during the 3rd quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock worth $2,200,000 after buying an additional 63 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after buying an additional 64 shares during the last quarter. US Bancorp DE lifted its stake in shares of Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after buying an additional 88 shares during the last quarter. Finally, Financial Advocates Investment Management increased its position in Grupo Aeroportuario del Pacífico by 3.7% during the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock worth $435,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

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.