Grupo Aeroportuario Del Pacifico (NYSE:PAC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $243.34 and traded as high as $278.24. Grupo Aeroportuario Del Pacifico shares last traded at $276.2310, with a volume of 46,367 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAC shares. Citigroup restated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. 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, Zacks Research lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 1.4%

The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.03 and a beta of 1.00. The business has a fifty day simple moving average of $262.88 and a 200 day simple moving average of $243.34. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAC. Abacus Wealth Partners LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at about $1,548,000. Allworth Financial LP grew its stake in Grupo Aeroportuario Del Pacifico by 92.0% during the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 149 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd grew its stake in Grupo Aeroportuario Del Pacifico by 91.4% during the 4th quarter. Ashoka WhiteOak Capital Pte Ltd now owns 6,700 shares of the transportation company’s stock valued at $1,763,000 after acquiring an additional 3,200 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $524,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in Grupo Aeroportuario Del Pacifico by 18.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 27,648 shares of the transportation company’s stock valued at $7,289,000 after acquiring an additional 4,249 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.