Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

PAC has been the subject of several other research reports. HSBC raised Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price for the company in a research note on Monday, October 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. The Goldman Sachs Group cut their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Finally, Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Grupo Aeroportuario Del Pacifico Stock Up 0.7%

Shares of PAC stock opened at $203.51 on Friday. Grupo Aeroportuario Del Pacifico has a 1 year low of $192.65 and a 1 year high of $300.41. The stock has a market cap of $10.28 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. The business’s fifty day moving average is $206.53 and its 200-day moving average is $228.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 50.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after acquiring an additional 83 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares during the period. NewEdge Advisors LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company’s stock worth $337,000 after purchasing an additional 109 shares during the period. Compound Planning Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.9% during the first quarter. Compound Planning Inc. now owns 1,644 shares of the transportation company’s stock valued at $406,000 after purchasing an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 27.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock valued at $266,000 after purchasing an additional 234 shares during the last quarter. 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 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.