Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Increased to Hold at Zacks Research

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

Several other equities research analysts have also commented on PAC. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price target on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.2%

PAC stock opened at $207.51 on Monday. The stock has a market capitalization of $10.49 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.47 and a beta of 0.93. The firm has a 50-day simple moving average of $211.62 and a 200-day simple moving average of $232.35. 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 has a 52 week low of $196.99 and a 52 week high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). The company had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. Equities analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several large investors have recently bought and sold shares of PAC. Lazard Asset Management LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after purchasing an additional 18,139 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $3,128,000. Bank of America Corp DE increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after purchasing an additional 54,439 shares during the last quarter. LRT Capital Management LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter worth approximately $739,000. Finally, Deprince Race & Zollo Inc. purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $7,195,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.