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

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $278.94 and last traded at $277.5340, with a volume of 91103 shares trading hands. The stock had previously closed at $270.03.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Zacks Research cut Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Finally, Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

The stock has a market cap of $14.26 billion, a PE ratio of 26.57, a P/E/G ratio of 2.11 and a beta of 1.02. The business has a fifty day simple moving average of $253.62 and a two-hundred day simple moving average of $240.24. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carnegie Investment Counsel grew its position in shares of Grupo Aeroportuario Del Pacifico by 0.5% in the 4th quarter. Carnegie Investment Counsel now owns 82,478 shares of the transportation company’s stock worth $21,744,000 after buying an additional 441 shares during the period. Northcape Capital Pty Ltd grew its holdings in Grupo Aeroportuario Del Pacifico by 1.7% in the fourth quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock worth $51,589,000 after purchasing an additional 3,214 shares during the period. Eastern Bank purchased a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter worth about $202,000. SG Americas Securities LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 51.0% during the fourth quarter. SG Americas Securities LLC now owns 1,252 shares of the transportation company’s stock valued at $330,000 after purchasing an additional 423 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter valued at approximately $974,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.