Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Given Consensus Recommendation of “Hold” by Analysts

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has been given a consensus rating of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $210.00.

A number of analysts have recently issued reports on the stock. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC opened at $261.26 on Wednesday. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.96 and a beta of 1.02. The business’s fifty day simple moving average is $237.66 and its two-hundred day simple moving average is $236.07. Grupo Aeroportuario Del Pacifico has a 12 month low of $168.62 and a 12 month high of $273.40. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The business had revenue of $522.83 million for the quarter, compared to the consensus estimate of $11.04 billion. Research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in Grupo Aeroportuario Del Pacifico by 48.1% during the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after buying an additional 50 shares during the period. CWM LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after acquiring an additional 51 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter valued at $43,000. Hantz Financial Services Inc. grew its position in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 170 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long?term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.