Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded to Buy at Citigroup

Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a neutral rating to a buy rating in a research note published on Monday, Marketbeat Ratings reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Stock Performance

Grupo Aeroportuario Del Pacifico stock opened at $216.68 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84. Grupo Aeroportuario Del Pacifico has a 12 month low of $206.91 and a 12 month high of $300.41. The company has a fifty day moving average price of $240.71 and a two-hundred day moving average price of $252.74. The company has a market cap of $10.95 billion, a PE ratio of 19.24, a P/E/G ratio of 1.47 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Tuesday, July 14th. The transportation company reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The business had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. Research analysts expect that Grupo Aeroportuario Del Pacifico will post 11.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 3.3% in the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock valued at $402,000 after buying an additional 49 shares during the period. Van ECK Associates Corp raised its position in Grupo Aeroportuario Del Pacifico by 20.6% in the third 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 boosted 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 purchasing an additional 65 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% in the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after purchasing an additional 106 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

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.