Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Lowered to “Hold” at Wall Street Zen

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also issued reports on PAC. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research report on Friday, May 23rd. Finally, Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Trading Down 1.1%

NYSE:PAC opened at $230.07 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.62. Grupo Aeroportuario Del Pacifico has a 12 month low of $146.62 and a 12 month high of $241.62. The company has a market cap of $11.63 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. The company has a 50 day simple moving average of $226.82 and a two-hundred day simple moving average of $202.25.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. Research analysts forecast that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company’s stock valued at $3,104,000 after purchasing an additional 6,665 shares during the last quarter. Northern Trust Corp boosted its stake in Grupo Aeroportuario Del Pacifico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock valued at $13,218,000 after buying an additional 71,312 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 401 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at $204,000. Finally, US Bancorp DE grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

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.