Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Raised to Buy at HSBC

HSBC upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a buy rating in a research note released on Monday morning, Marketbeat Ratings reports. HSBC currently has $277.00 target price on the transportation company’s stock.

Other analysts have also recently issued reports about the company. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. The Goldman Sachs Group cut their price objective on shares of 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. Finally, Wall Street Zen raised shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

Grupo Aeroportuario Del Pacifico Stock Up 4.5%

Shares of NYSE PAC opened at $210.01 on Monday. Grupo Aeroportuario Del Pacifico has a 12-month low of $193.11 and a 12-month high of $300.41. The stock has a market cap of $10.61 billion, a PE ratio of 18.65, a P/E/G ratio of 1.42 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average of $209.63 and a 200 day moving average of $230.71.

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

Institutional Trading of Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after buying an additional 83 shares during the period. Parallel Advisors LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after acquiring an additional 101 shares during the period. Alamar Capital Management LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $222,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $251,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 27.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock worth $266,000 after acquiring an additional 234 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.