Wall Street Zen Upgrades Grupo Aeroportuario Del Pacifico (NYSE:PAC) to “Hold”

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. The Goldman Sachs Group dropped their price objective on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

Grupo Aeroportuario Del Pacifico Trading Up 0.1%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $230.77 on Friday. The firm’s 50-day moving average price is $208.88 and its two-hundred day moving average price is $236.66. Grupo Aeroportuario Del Pacifico has a 12-month low of $192.65 and a 12-month high of $300.41. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.63 and a beta of 0.94.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Lazard Asset Management LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after acquiring an additional 18,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Grupo Aeroportuario Del Pacifico by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company’s stock valued at $38,699,000 after acquiring an additional 2,090 shares during the period. Bank of America Corp DE lifted its holdings 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 worth $20,704,000 after buying an additional 54,439 shares in the last quarter. Empirical Finance LLC lifted its position in Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after purchasing an additional 44,531 shares during the period. Institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.