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 been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $210.00.

Several equities analysts have recently commented on the stock. Citigroup restated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Finally, Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in 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 buying an additional 112,212 shares in the last quarter. Northcape Capital Pty Ltd lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 1.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after acquiring an additional 3,214 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock valued at $36,368,000 after acquiring an additional 10,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 148,715 shares of the transportation company’s stock valued at $35,315,000 after acquiring an additional 10,201 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Grupo Aeroportuario Del Pacifico in the third quarter valued at about $30,453,000. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $278.24 on Friday. The firm has a 50-day moving average price of $258.51 and a two-hundred day moving average price of $241.66. Grupo Aeroportuario Del Pacifico has a 12-month low of $168.62 and a 12-month high of $287.15. The company has a market capitalization of $14.22 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.10 and a beta of 1.02. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.