Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives $210.00 Average Target Price from Analysts

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $210.00.

PAC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th.

Grupo Aeroportuario Del Pacifico Stock Performance

PAC opened at $221.17 on Tuesday. The business’s 50-day simple moving average is $229.90 and its 200 day simple moving average is $230.41. Grupo Aeroportuario Del Pacifico has a 52-week low of $168.62 and a 52-week high of $259.33. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $11.18 billion, a PE ratio of 21.23, a PEG ratio of 2.72 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%.The company had revenue of $520.69 million for the quarter, compared to analyst estimates of $11.04 billion. As a group, sell-side analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAC. Schonfeld Strategic Advisors LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $1,273,000. Creative Planning increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 17.7% in the third quarter. Creative Planning now owns 2,757 shares of the transportation company’s stock valued at $654,000 after purchasing an additional 414 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 13.4% in the third quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock valued at $224,757,000 after purchasing an additional 112,212 shares during the period. Scotia Capital Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 39.3% in the third quarter. Scotia Capital Inc. now owns 2,417 shares of the transportation company’s stock valued at $573,000 after purchasing an additional 682 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $30,453,000. 11.73% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

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.