UBS Group Upgrades Grupo Aeroportuario del Pacífico (NYSE:PAC) to Buy

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports.

PAC has been the subject of a number of other research reports. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group lifted their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Up 2.0 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $187.13 on Tuesday. Grupo Aeroportuario del Pacífico has a 12-month low of $139.64 and a 12-month high of $197.31. The stock has a market capitalization of $9.46 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. The company has a 50-day simple moving average of $177.23 and a 200 day simple moving average of $170.95. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after buying an additional 89 shares during the last quarter. Signaturefd LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 176 shares during the period. US Bancorp DE lifted its stake in shares of Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Finally, Cozad Asset Management Inc. bought a new position in shares of Grupo Aeroportuario del Pacífico in the 3rd quarter worth $218,000. 11.73% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.