Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Rating of “Hold” from Analysts

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $250.00.

PAC has been the topic of several research analyst reports. Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Weiss Ratings restated 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 target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAC. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.6% during 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 during the last quarter. State Street Corp raised its holdings in Grupo Aeroportuario Del Pacifico by 3.6% in the 4th quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock worth $106,425,000 after acquiring an additional 14,079 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $42,634,000. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $38,699,000 after purchasing an additional 2,090 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $30,453,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Trading Down 0.7%

NYSE:PAC opened at $203.16 on Monday. The stock has a fifty day simple moving average of $216.32 and a 200 day simple moving average of $235.37. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 1-year low of $201.43 and a 1-year high of $300.41. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. Sell-side analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.