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

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

PAC has been the subject of several analyst reports. Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 15th.

Grupo Aeroportuario Del Pacifico Trading Down 1.0%

NYSE PAC opened at $289.03 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $272.34 and a 200-day simple moving average of $247.39. Grupo Aeroportuario Del Pacifico has a one year low of $168.62 and a one year high of $295.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Lazard Asset Management LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock worth $304,359,000 after purchasing an additional 206,914 shares during the period. State Street Corp increased its position in Grupo Aeroportuario Del Pacifico by 3.6% during the fourth quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock worth $106,425,000 after buying an additional 14,079 shares in the last quarter. Northcape Capital Pty Ltd raised its stake in Grupo Aeroportuario Del Pacifico by 1.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after purchasing an additional 3,214 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter worth about $42,634,000. Finally, Dimensional Fund Advisors LP raised its holdings in Grupo Aeroportuario Del Pacifico by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 154,800 shares of the transportation company’s stock valued at $40,805,000 after acquiring an additional 6,085 shares during the last quarter. 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.