Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Consensus Recommendation of “Hold” by Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $200.00.

PAC has been the topic of several recent analyst reports. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their target price for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after buying an additional 89 shares during the period. Signaturefd LLC boosted its position in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after buying an additional 81 shares during the period. Fifth Third Bancorp boosted its position in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after buying an additional 275 shares during the period. Tower Research Capital LLC TRC boosted its position in Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock worth $71,000 after buying an additional 401 shares during the period. Finally, Blue Trust Inc. boosted its position in 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 period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Price Performance

PAC stock opened at $188.10 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 12 month low of $140.40 and a 12 month high of $205.35. The firm has a market cap of $9.50 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.28 and a beta of 1.46. The company’s 50-day moving average price is $188.68 and its two-hundred day moving average price is $181.61.

Grupo Aeroportuario del Pacífico Company Profile

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.