Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Gets Downgrade from Citigroup

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat Ratings reports.

PAC has been the topic of a number of other reports. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their price objective on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. HSBC raised Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price for the company in a report on Monday, October 5th. Finally, Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $259.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC stock opened at $244.75 on Friday. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The stock has a 50 day simple moving average of $211.33 and a 200-day simple moving average of $236.24. Grupo Aeroportuario Del Pacifico has a 12-month low of $192.65 and a 12-month high of $300.41. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.83.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently modified their holdings of PAC. Gen Wealth Partners Inc acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after purchasing an additional 83 shares during the last quarter. Parallel Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Grupo Aeroportuario Del Pacifico during the third quarter worth $126,000. Finally, Mondrian Investment Partners LTD boosted its position in Grupo Aeroportuario Del Pacifico by 31.6% during the third quarter. Mondrian Investment Partners LTD now owns 892 shares of the transportation company’s stock worth $183,000 after purchasing an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.