Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

A number of other analysts have also issued reports on PAC. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock opened at $185.35 on Monday. The firm has a market capitalization of $9.37 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.28 and a beta of 1.11. Grupo Aeroportuario del Pacífico has a 12 month low of $146.62 and a 12 month high of $205.35. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The company’s fifty day moving average price is $189.56 and its two-hundred day moving average price is $184.30.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAC. Signaturefd LLC raised its position in Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after acquiring an additional 81 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after purchasing an additional 275 shares during the period. Parallel Advisors LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock worth $65,000 after purchasing an additional 59 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 401 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 53 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.