Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a neutral rating to an overweight rating in a research note issued to investors on Friday morning,Benzinga reports.

A number of other brokerages also recently weighed in on PAC. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of NYSE:PAC traded up $4.36 during midday trading on Friday, reaching $221.17. 82,954 shares of the company’s stock traded hands, compared to its average volume of 87,217. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. Grupo Aeroportuario Del Pacifico has a one year low of $168.62 and a one year high of $259.33. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.72 and a beta of 1.13. The stock has a 50 day moving average of $229.90 and a 200 day moving average of $230.19.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The business had revenue of $520.69 million during the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. As a group, equities research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors and hedge funds have recently bought and sold shares of PAC. Kestra Private Wealth Services LLC increased its position in Grupo Aeroportuario Del Pacifico by 2.2% in the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company’s stock worth $552,000 after buying an additional 65 shares in the last quarter. Carnegie Investment Counsel purchased a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $13,756,000. Cetera Investment Advisers increased its holdings in Grupo Aeroportuario Del Pacifico by 9.4% in the 1st quarter. Cetera Investment Advisers now owns 4,900 shares of the transportation company’s stock worth $909,000 after acquiring an additional 420 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $1,389,000. Finally, Deutsche Bank AG lifted its holdings in Grupo Aeroportuario Del Pacifico by 7.2% during the first quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock valued at $150,821,000 after purchasing an additional 54,495 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico 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.