Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 52-Week High After Analyst Upgrade

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week high on Friday after Bank of America upgraded the stock from an underperform rating to a buy rating. The company traded as high as $261.21 and last traded at $259.8220, with a volume of 120436 shares changing hands. The stock had previously closed at $242.63.

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

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently made changes to their positions in PAC. Dorsey Wright & Associates acquired a new stake in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $1,353,000. Morningstar Investment Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the third quarter worth about $1,305,000. Laurion Capital Management LP purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter worth about $223,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Grupo Aeroportuario Del Pacifico by 4.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 32,685 shares of the transportation company’s stock valued at $7,937,000 after buying an additional 1,333 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at about $549,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Trading Up 0.6%

The firm has a fifty day moving average of $224.85 and a 200 day moving average of $232.47. The firm has a market capitalization of $13.15 billion, a PE ratio of 24.98, a P/E/G ratio of 3.38 and a beta of 1.04. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01.

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