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

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on PAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 1.0%

PAC stock traded up $3.05 on Monday, hitting $293.52. The company had a trading volume of 20,213 shares, compared to its average volume of 71,011. The stock’s 50-day simple moving average is $266.03 and its 200 day simple moving average is $245.00. Grupo Aeroportuario Del Pacifico has a 12-month low of $168.62 and a 12-month high of $293.40. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Allworth Financial LP boosted its holdings in Grupo Aeroportuario Del Pacifico by 48.1% during the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. CWM LLC raised its position in Grupo Aeroportuario Del Pacifico by 41.5% in the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 51 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 65.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 1.8% during the third quarter. ProShare Advisors LLC now owns 4,399 shares of the transportation company’s stock worth $1,043,000 after acquiring an additional 78 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.