Analysts Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Price Target at $250.00

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $250.00.

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Zacks Research cut Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. 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 research note on Wednesday, August 5th. The Goldman Sachs Group cut their target price on 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. Finally, Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC opened at $203.16 on Monday. The stock has a market capitalization of $10.27 billion, a P/E ratio of 18.04, 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. Grupo Aeroportuario Del Pacifico has a 1 year low of $201.43 and a 1 year high of $300.41. The company’s fifty day moving average is $216.32 and its two-hundred day moving average is $235.06.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. On average, sell-side analysts predict that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $43,000 after purchasing an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at about $43,000. Kestra Advisory Services LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $54,000. Van ECK Associates Corp lifted its stake in shares of 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 purchasing an additional 57 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.