Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $182.43 and traded as high as $185.91. Grupo Aeroportuario del Pacífico shares last traded at $183.54, with a volume of 100,849 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on PAC shares. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $200.00.
Check Out Our Latest Analysis on PAC
Grupo Aeroportuario del Pacífico Price Performance
Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico
A number of institutional investors and hedge funds have recently bought and sold shares of PAC. Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after acquiring an additional 81 shares in the last quarter. US Bancorp DE raised its stake in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after acquiring an additional 88 shares in the last quarter. Financial Advocates Investment Management raised its stake in shares of Grupo Aeroportuario del Pacífico by 3.7% during the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock worth $435,000 after acquiring an additional 88 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company’s stock worth $458,000 after acquiring an additional 150 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.
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.
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