Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded to “Strong Sell” Rating by Zacks Research

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on PAC. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Citigroup reaffirmed a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico has a consensus rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.0%

Shares of PAC opened at $267.76 on Tuesday. The business’s 50-day moving average price is $240.66 and its 200 day moving average price is $236.92. The stock has a market capitalization of $13.40 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.98 and a beta of 1.02. Grupo Aeroportuario Del Pacifico has a 1-year low of $168.62 and a 1-year high of $273.40. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings data on Tuesday, October 21st. 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 $522.83 million for the quarter, compared to analysts’ expectations of $11.04 billion. Analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently bought and sold shares of the company. Allworth Financial LP grew its stake in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 50 shares in the last quarter. CWM LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after purchasing an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter valued at about $43,000. Hantz Financial Services Inc. grew its stake in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after buying an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.