Grupo Aeroportuario del Pacífico (NYSE:PAC – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “
A number of other equities analysts have also commented on PAC. UBS Group lowered shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “sell” rating in a research report on Friday, January 28th. Bradesco Corretora lowered shares of Grupo Aeroportuario del Pacífico to a “hold” rating and set a $150.00 target price on the stock. in a report on Tuesday, February 8th. StockNews.com assumed coverage on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Citigroup raised their target price on shares of Grupo Aeroportuario del Pacífico from $150.00 to $169.00 and gave the company a “buy” rating in a report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $146.00.
Grupo Aeroportuario del Pacífico (NYSE:PAC – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.04. Grupo Aeroportuario del Pacífico had a net margin of 31.77% and a return on equity of 28.06%. The business had revenue of $250.17 million for the quarter. Sell-side analysts anticipate that Grupo Aeroportuario del Pacífico will post 6.82 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. bought a new stake in shares of Grupo Aeroportuario del Pacífico during the 4th quarter valued at approximately $29,000. Marshall Wace LLP acquired a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth approximately $65,000. New York State Common Retirement Fund boosted its position in Grupo Aeroportuario del Pacífico by 184.0% during the 4th quarter. New York State Common Retirement Fund now owns 585 shares of the transportation company’s stock worth $80,000 after buying an additional 379 shares during the period. KBC Group NV acquired a new stake in Grupo Aeroportuario del Pacífico during the 4th quarter worth approximately $155,000. Finally, Sanders Morris Harris LLC acquired a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth approximately $226,000. 12.89% of the stock is currently owned by institutional investors.
Grupo Aeroportuario del Pacífico Company Profile (Get Rating)
Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, develops, manages, and operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as two international airports in Jamaica.
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