Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 12-Month High – Should You Buy?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $272.84 and last traded at $272.47, with a volume of 58268 shares trading hands. The stock had previously closed at $268.39.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PAC shares. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.3%

The company has a market cap of $13.73 billion, a P/E ratio of 26.08, a PEG ratio of 2.59 and a beta of 1.04. The stock’s 50-day moving average price is $231.82 and its 200-day moving average price is $234.58. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Tuesday, October 21st. The transportation company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The firm had revenue of $522.83 million during the quarter, compared to the consensus estimate of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. As a group, research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC increased its stake in Grupo Aeroportuario Del Pacifico by 13.4% during the 3rd quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock valued at $224,757,000 after purchasing an additional 112,212 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.2% during the third quarter. American Century Companies Inc. now owns 153,328 shares of the transportation company’s stock valued at $36,368,000 after buying an additional 10,310 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.4% during the third quarter. Dimensional Fund Advisors LP now owns 148,715 shares of the transportation company’s stock valued at $35,315,000 after buying an additional 10,201 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the third quarter worth about $30,453,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Grupo Aeroportuario Del Pacifico by 39.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock worth $28,044,000 after acquiring an additional 33,405 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.