Zacks Investment Research Lowers Grupo Aeroportuario del Pacífico (NYSE:PAC) to Hold

Grupo Aeroportuario del Pacífico (NYSE:PACGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, 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. “

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to an “underweight” rating in a research note on Tuesday, May 3rd. Bradesco Corretora cut Grupo Aeroportuario del Pacífico to a “hold” rating and set a $150.00 price objective on the stock. in a report on Tuesday, February 8th. UBS Group cut Grupo Aeroportuario del Pacífico from a “neutral” rating to a “sell” rating in a report on Friday, January 28th. TheStreet raised Grupo Aeroportuario del Pacífico from a “c” rating to a “b” rating in a report on Friday, May 20th. Finally, Citigroup increased their price objective on Grupo Aeroportuario del Pacífico from $150.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $151.50.

Shares of NYSE:PAC opened at $144.11 on Thursday. The company has a market capitalization of $7.38 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.23 and a quick ratio of 3.23. The business has a fifty day moving average price of $149.08 and a two-hundred day moving average price of $139.69. Grupo Aeroportuario del Pacífico has a 1 year low of $103.70 and a 1 year high of $167.24.

Grupo Aeroportuario del Pacífico (NYSE:PACGet Rating) last announced its quarterly earnings data on Monday, April 25th. The transportation company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.86. The firm had revenue of $301.98 million during the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 35.01% and a net margin of 34.29%. Sell-side analysts anticipate that Grupo Aeroportuario del Pacífico will post 7.02 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Eagle Ridge Investment Management raised its holdings in shares of Grupo Aeroportuario del Pacífico by 0.7% in the 4th quarter. Eagle Ridge Investment Management now owns 74,744 shares of the transportation company’s stock valued at $10,275,000 after acquiring an additional 514 shares in the last quarter. F3Logic LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 4th quarter valued at about $789,000. Veracity Capital LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 4th quarter valued at about $229,000. Profund Advisors LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 4th quarter valued at about $245,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Grupo Aeroportuario del Pacífico by 184.0% in the 4th quarter. New York State Common Retirement Fund now owns 585 shares of the transportation company’s stock valued at $80,000 after acquiring an additional 379 shares in the last quarter. 12.68% of the stock is currently owned by hedge funds and other 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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