Citigroup Reiterates Neutral Rating for Grupo Aeroportuario Del Pacifico (NYSE:PAC)

Grupo Aeroportuario Del Pacifico (NYSE:PAC)‘s stock had its “neutral” rating reiterated by Citigroup in a note issued to investors on Thursday,Benzinga reports.

A number of other research firms also recently issued reports on PAC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Scotiabank reiterated 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 report on Thursday, December 11th. Finally, Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC stock opened at $263.12 on Thursday. Grupo Aeroportuario Del Pacifico has a 12 month low of $168.62 and a 12 month high of $273.40. The company’s fifty day simple moving average is $246.15 and its 200-day simple moving average is $238.45. The firm has a market cap of $13.30 billion, a PE ratio of 25.25, a P/E/G ratio of 1.98 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 (NYSE:PAC) last issued its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The business had revenue of $522.83 million during the quarter, compared to analyst estimates of $11.04 billion. Equities research analysts expect that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 13.4% during the 3rd quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock worth $224,757,000 after acquiring an additional 112,212 shares during the period. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 10,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 10,201 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Grupo Aeroportuario Del Pacifico during the third quarter worth $30,453,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 39.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock valued at $28,044,000 after purchasing an additional 33,405 shares during the last quarter. 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.