Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Upgraded by Scotiabank

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research note issued to investors on Monday, MarketBeat reports.

Several other analysts have also recently commented on PAC. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. StockNews.com raised Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Bank of America cut Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 2.9%

Grupo Aeroportuario del Pacífico stock traded up $6.44 during mid-day trading on Monday, hitting $228.91. The company’s stock had a trading volume of 83,407 shares, compared to its average volume of 73,020. Grupo Aeroportuario del Pacífico has a one year low of $146.62 and a one year high of $229.32. The stock has a market cap of $11.57 billion, a PE ratio of 22.75, a P/E/G ratio of 1.28 and a beta of 1.10. The company has a 50 day moving average of $195.74 and a 200-day moving average of $189.78. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million for the quarter, compared to analysts’ expectations of $554.93 million. On average, research analysts anticipate that Grupo Aeroportuario del Pacífico will post 10 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds have recently modified their holdings of PAC. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grupo Aeroportuario del Pacífico in the first quarter worth $54,000. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after acquiring an additional 81 shares during the last quarter. Fifth Third Bancorp increased its position in Grupo Aeroportuario del Pacífico by 327.4% during the fourth 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 last quarter. Parallel Advisors LLC increased its position in Grupo Aeroportuario del Pacífico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock worth $65,000 after buying an additional 59 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter worth $70,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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.