JPMorgan Chase & Co. Upgrades Grupo Aeroportuario Del Pacifico (NYSE:PAC) to Overweight

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday,Benzinga reports.

PAC has been the subject of a number of other research reports. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 2.1%

PAC traded up $4.60 during midday trading on Friday, hitting $221.41. The company had a trading volume of 25,210 shares, compared to its average volume of 86,938. The stock’s 50 day moving average price is $230.47 and its 200 day moving average price is $230.05. Grupo Aeroportuario Del Pacifico has a 52 week low of $168.62 and a 52 week high of $259.33. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.72 and a beta of 1.13. 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 earnings results on Monday, October 20th. The transportation company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $520.69 million during the quarter, compared to the consensus estimate of $11.04 billion. On average, research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Grupo Aeroportuario Del Pacifico by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company’s stock worth $204,421,000 after acquiring an additional 45,479 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 7.6% in the second quarter. Lazard Asset Management LLC now owns 835,369 shares of the transportation company’s stock valued at $191,816,000 after purchasing an additional 59,351 shares during the period. Deutsche Bank AG lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock valued at $150,821,000 after buying an additional 54,495 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at approximately $35,349,000. Finally, American Century Companies Inc. boosted its holdings in Grupo Aeroportuario Del Pacifico by 7.2% in the 3rd quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock worth $36,368,000 after buying an additional 10,310 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.