Grupo Aeroportuario Del Pacifico’s (PAC) “Neutral” Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) in a research note published on Thursday morning, Marketbeat Ratings reports.

Several other research firms also recently weighed in on PAC. Zacks Research downgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Finally, Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Two investment 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, the stock has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC opened at $263.58 on Thursday. The stock’s 50-day moving average is $247.95 and its 200 day moving average is $238.86. Grupo Aeroportuario Del Pacifico has a 1-year low of $168.62 and a 1-year high of $273.40. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 48.1% during the 2nd 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 Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after buying an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the third quarter worth about $43,000. Hantz Financial Services Inc. boosted its position in Grupo Aeroportuario Del Pacifico by 680.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

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.