Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $210.00.

Several research firms have recently weighed in on PAC. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th. Finally, Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $263.46 on Wednesday. The firm has a 50 day moving average of $234.89 and a 200-day moving average of $235.28. The firm has a market capitalization of $13.31 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.04. Grupo Aeroportuario Del Pacifico has a 12 month low of $168.62 and a 12 month high of $273.40. 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 posted its earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%.The firm had revenue of $522.83 million for the quarter, compared to the consensus estimate of $11.04 billion. As a group, sell-side analysts predict that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 48.1% during the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after acquiring an additional 50 shares during the last quarter. CWM LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after purchasing an additional 51 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth about $43,000. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after purchasing an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

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.