Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded by UBS Group to “Buy” Rating

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

PAC has been the topic of several other reports. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Up 2.0 %

PAC opened at $187.13 on Tuesday. The firm’s fifty day moving average is $177.23 and its two-hundred day moving average is $170.95. The firm has a market cap of $9.46 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a twelve month low of $139.64 and a twelve month high of $197.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of institutional investors have recently made changes to their positions in the business. Metis Global Partners LLC increased its stake in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock valued at $3,749,000 after buying an additional 7,553 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $242,000. Marshall Financial Group LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the second quarter valued at about $867,000. 1832 Asset Management L.P. bought a new stake in Grupo Aeroportuario del Pacífico during the second quarter worth about $13,976,000. Finally, Mackenzie Financial Corp boosted its position in Grupo Aeroportuario del Pacífico by 5.6% during the second quarter. Mackenzie Financial Corp now owns 70,614 shares of the transportation company’s stock valued at $11,000,000 after purchasing an additional 3,754 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

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.