Grupo Aeroportuario Del Pacifico (NYSE:PAC) Trading 5.2% Higher on Analyst Upgrade

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) shot up 5.2% during mid-day trading on Thursday after Bank of America upgraded the stock from an underperform rating to a buy rating. The company traded as high as $254.00 and last traded at $255.3140. 17,563 shares changed hands during trading, a decline of 80% from the average session volume of 87,685 shares. The stock had previously closed at $242.63.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Finally, Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $210.00.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently bought and sold shares of PAC. Nuveen LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at approximately $30,453,000. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 13.4% in the third quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock valued at $224,757,000 after purchasing an additional 112,212 shares during the last quarter. American Century Companies Inc. lifted its position in Grupo Aeroportuario Del Pacifico by 192.5% during the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock worth $32,840,000 after buying an additional 94,115 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $13,027,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a 50 day simple moving average of $223.69 and a two-hundred day simple moving average of $232.09. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 3.08 and a beta of 1.04.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.10). The company had revenue of $522.83 million for the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. On average, equities research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

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.