Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Zacks Research

Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

PAC has been the subject of a number of other research reports. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Citigroup restated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE PAC opened at $293.59 on Monday. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.17 and a beta of 1.00. Grupo Aeroportuario Del Pacifico has a 12 month low of $168.62 and a 12 month high of $293.95. The company’s 50 day moving average is $267.26 and its two-hundred day moving average is $245.34. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake 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 purchasing an additional 50 shares during the period. CWM LLC raised its position in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after acquiring an additional 51 shares during the period. Van ECK Associates Corp boosted its stake 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 worth $79,000 after acquiring an additional 57 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 65.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares during the period. Finally, ProShare Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 1.8% during the third quarter. ProShare Advisors LLC now owns 4,399 shares of the transportation company’s stock worth $1,043,000 after acquiring an additional 78 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.