Grupo Aeroportuario Del Pacifico (NYSE:PAC) Issues Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC) announced its quarterly earnings data on Monday. The transportation company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($1.44), FiscalAI reports. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $613.30 million. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%.

Grupo Aeroportuario Del Pacifico Stock Down 7.0%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $279.33 on Tuesday. Grupo Aeroportuario Del Pacifico has a twelve month low of $168.62 and a twelve month high of $300.41. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21. The business’s 50 day simple moving average is $274.18 and its 200-day simple moving average is $248.60.

Analysts Set New Price Targets

PAC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several large investors have recently added to or reduced their stakes in PAC. Goldman Sachs Group Inc. boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.8% during the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company’s stock valued at $7,416,000 after acquiring an additional 15,862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $16,136,000. Jane Street Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $730,000. Guggenheim Capital LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 18.9% during the 2nd quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company’s stock valued at $707,000 after purchasing an additional 489 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in Grupo Aeroportuario Del Pacifico by 232.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock valued at $8,576,000 after purchasing an additional 26,099 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario Del Pacifico

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.