Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Upgraded by Zacks Research

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Other equities analysts have also issued reports about the stock. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group lowered their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.2%

NYSE:PAC opened at $207.51 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84. Grupo Aeroportuario Del Pacifico has a 1-year low of $196.99 and a 1-year high of $300.41. The company has a 50-day moving average of $211.62 and a 200 day moving average of $232.35. The firm has a market cap of $10.49 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The business had revenue of $645.23 million for the quarter, compared to analysts’ expectations of $732.26 million. As a group, research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after purchasing an additional 18,139 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Grupo Aeroportuario Del Pacifico by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company’s stock valued at $38,699,000 after purchasing an additional 2,090 shares in the last quarter. Bank of America Corp DE increased its stake in Grupo Aeroportuario Del Pacifico by 185.0% during the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after purchasing an additional 54,439 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.