Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Zacks.com reports. The firm presently has a $117.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.40% from the stock’s previous close.

According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “

A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group cut Grupo Aeroportr dl Pcfco SAB de CV from a “buy” rating to a “sell” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. lowered Grupo Aeroportr dl Pcfco SAB de CV from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 27th. Bradesco Corretora raised Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 10th. Finally, Itau BBA Securities raised Grupo Aeroportr dl Pcfco SAB de CV from a “market perform” rating to an “outperform” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Grupo Aeroportr dl Pcfco SAB de CV presently has an average rating of “Hold” and an average price target of $158.50.

PAC stock opened at $107.93 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.69 and a quick ratio of 5.69. Grupo Aeroportr dl Pcfco SAB de CV has a fifty-two week low of $64.45 and a fifty-two week high of $111.27. The company has a market cap of $5.68 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 4.46 and a beta of 0.47.

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) last issued its quarterly earnings data on Friday, April 26th. The transportation company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.11. Grupo Aeroportr dl Pcfco SAB de CV had a return on equity of 23.95% and a net margin of 35.51%. The company had revenue of $191.57 million during the quarter. As a group, sell-side analysts anticipate that Grupo Aeroportr dl Pcfco SAB de CV will post 5.1 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 223.2% in the fourth quarter. Barclays PLC now owns 404 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 279 shares during the period. US Bancorp DE increased its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 65.0% in the first quarter. US Bancorp DE now owns 462 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 182 shares during the period. Marshall Wace LLP acquired a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV in the first quarter valued at approximately $65,000. Thornburg Investment Management Inc. acquired a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV in the fourth quarter valued at approximately $131,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 84.7% in the first quarter. Quadrant Capital Group LLC now owns 2,159 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 990 shares during the period. 8.83% of the stock is currently owned by institutional investors and hedge funds.

About Grupo Aeroportr dl Pcfco SAB de CV

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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