Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Lowered to “Sell” at Wall Street Zen

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on PAC. The Goldman Sachs Group cut their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. Zacks Research downgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Trading Up 0.1%

Shares of PAC stock opened at $203.03 on Friday. Grupo Aeroportuario Del Pacifico has a 52-week low of $196.99 and a 52-week high of $300.41. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a fifty day moving average of $212.50 and a 200-day moving average of $232.89.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). The business had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. On average, equities research analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.6% during the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after buying an additional 18,139 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company’s stock worth $38,699,000 after acquiring an additional 2,090 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after acquiring an additional 54,439 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after acquiring an additional 44,531 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after acquiring an additional 44,531 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) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.