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 note published on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th. HSBC raised shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price objective for the company in a research report on Monday, October 5th. The Goldman Sachs Group reduced their target price 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. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Grupo Aeroportuario Del Pacifico has an average rating of “Moderate Buy” and a consensus target price of $259.00.

Grupo Aeroportuario Del Pacifico Trading Down 0.7%

Shares of PAC stock opened at $202.43 on Friday. The firm has a market capitalization of $10.23 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a 1 year low of $192.65 and a 1 year high of $300.41. The firm’s fifty day simple moving average is $206.26 and its 200 day simple moving average is $227.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

Institutional Inflows and Outflows

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 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after buying an additional 83 shares in the last quarter. Parallel Advisors LLC increased its holdings in Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after buying an additional 101 shares during the period. Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at $222,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at $251,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Grupo Aeroportuario Del Pacifico by 27.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock valued at $266,000 after buying an additional 234 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.