Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Citigroup

Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a neutral rating to a buy rating in a report published on Monday morning, MarketBeat Ratings reports.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Stock Down 0.2%

PAC stock opened at $217.30 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $239.61 and its 200 day moving average is $252.09. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 1-year low of $206.91 and a 1-year high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Sell-side analysts predict that Grupo Aeroportuario Del Pacifico will post 11.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of large investors have recently modified their holdings of PAC. EverSource Wealth Advisors LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after buying an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Grupo Aeroportuario Del Pacifico during the third quarter valued at approximately $43,000. Kestra Advisory Services LLC bought a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter valued at approximately $54,000. Van ECK Associates Corp raised its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after acquiring an additional 57 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Grupo Aeroportuario Del Pacifico by 92.0% during the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.