Grupo Aeroportuario del Pacífico (NYSE:PAC) Raised to Sector Outperform at Scotiabank

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Monday, Marketbeat Ratings reports.

Several other research analysts have also weighed in on PAC. StockNews.com raised Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research report on Saturday, April 26th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, Bank of America downgraded shares of 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, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock opened at $227.42 on Monday. Grupo Aeroportuario del Pacífico has a fifty-two week low of $146.62 and a fifty-two week high of $230.21. The firm’s 50 day simple moving average is $197.53 and its 200-day simple moving average is $190.48. 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 has a market cap of $11.49 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. As a group, equities research analysts predict that Grupo Aeroportuario del Pacífico will post 10 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of PAC. Caitong International Asset Management Co. Ltd acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $54,000. Signaturefd LLC increased its stake in Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 81 shares during the period. Fifth Third Bancorp increased 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 valued at $63,000 after purchasing an additional 275 shares during the period. Parallel Advisors LLC boosted its stake in 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 buying an additional 59 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in Grupo Aeroportuario del Pacífico in the 1st quarter valued at $70,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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.