Grupo Aeroportuario Del Pacifico (NYSE:PAC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on PAC. The Goldman Sachs Group dropped their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has a consensus rating of “Hold” and a consensus price target of $250.00.

Grupo Aeroportuario Del Pacifico Trading Up 2.7%

Shares of PAC opened at $208.16 on Friday. The stock’s fifty day simple moving average is $212.00 and its 200-day simple moving average is $232.66. The firm has a market capitalization of $10.52 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 12-month low of $196.99 and a 12-month high of $300.41. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The firm had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. As a group, research analysts predict that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of large investors have recently made changes to their positions in PAC. NewEdge Advisors LLC raised its stake in Grupo Aeroportuario Del Pacifico by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company’s stock worth $337,000 after buying an additional 109 shares during the period. Militia Capital Management LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at about $839,000. Bank of America Corp DE increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after acquiring an additional 54,439 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 50.6% in the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after acquiring an additional 83 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after purchasing an additional 44,531 shares during the period. 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) 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.