Grupo Aeroportuario del Pacífico (NYSE:PAC) Announces Quarterly Earnings Results, Misses Estimates By $0.31 EPS

Grupo Aeroportuario del Pacífico (NYSE:PAC) announced its earnings results on Monday. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.03 by ($0.31), Zacks reports. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%.

Grupo Aeroportuario del Pacífico Stock Down 1.2 %

Shares of PAC opened at $202.99 on Tuesday. The firm has a market cap of $10.26 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 12-month low of $146.62 and a 12-month high of $206.79. The company’s 50-day moving average price is $189.45 and its 200 day moving average price is $186.00.

Analyst Upgrades and Downgrades

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

About Grupo Aeroportuario del Pacífico

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.