Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Increased to Buy at Citigroup

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Monday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $221.03 on Monday. The firm has a 50-day moving average price of $241.31 and a two-hundred day moving average price of $253.07. Grupo Aeroportuario Del Pacifico has a 12-month low of $206.91 and a 12-month high of $300.41. The company has a market capitalization of $11.17 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.47 and a beta of 0.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, July 14th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The business had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.71 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the third quarter worth approximately $43,000. Kestra Advisory Services LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter worth approximately $54,000. Van ECK Associates Corp lifted its stake in Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares during the period. Finally, Allworth Financial LP lifted its stake in Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.