Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a strong sell rating to a hold rating in a research note published on Monday,Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a report on Saturday. Finally, The Goldman Sachs Group reduced their price target on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico has an average rating of “Moderate Buy” and a consensus price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.2%

NYSE:PAC opened at $207.51 on Monday. Grupo Aeroportuario Del Pacifico has a 1 year low of $196.99 and a 1 year high of $300.41. The stock has a 50-day moving average price of $211.62 and a two-hundred day moving average price of $232.35. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.47 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. As a group, equities analysts expect that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after buying an additional 18,139 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Grupo Aeroportuario Del Pacifico by 1.4% during 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. Bank of America Corp DE increased 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 valued at $20,704,000 after purchasing an additional 54,439 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the 1st 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 boosted its holdings in shares of 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 worth $18,418,000 after buying an additional 44,531 shares during the period. 11.73% of the stock is owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

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.