Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 52-Week High – Here’s Why

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s share price reached a new 52-week high during 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.

Wall Street Analysts Forecast Growth

PAC has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 15th. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. The stock’s 50 day moving average price is $251.20 and its two-hundred day moving average price is $239.62. The stock has a market cap of $13.64 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.10). The business had revenue of $522.83 million during the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. Equities research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 boosted its holdings in Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after buying an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the third quarter valued at $43,000. Hantz Financial Services Inc. increased its holdings in Grupo Aeroportuario Del Pacifico by 680.0% in the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after buying an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings 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 valued at $79,000 after buying an additional 57 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

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.