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

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $259.00.

PAC has been the subject of several recent analyst reports. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. The Goldman Sachs Group cut their price target on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently bought and sold shares of PAC. NewEdge Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company’s stock worth $337,000 after purchasing an additional 109 shares during the period. Militia Capital Management LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the first quarter valued at about $839,000. Bank of America Corp DE lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 185.0% in 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 buying an additional 54,439 shares during the period. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after buying an additional 83 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE:PAC opened at $196.73 on Friday. The firm has a market capitalization of $9.94 billion, a PE ratio of 17.47, a PEG ratio of 1.43 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a 1 year low of $193.11 and a 1 year high of $300.41. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The firm’s fifty day simple moving average is $208.73 and its 200 day simple moving average is $230.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its 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). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The firm had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. On average, sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current year.

Grupo Aeroportuario Del Pacifico Company Profile

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.