Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 12-Month High – Here’s Why

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $264.55 and last traded at $264.0150, with a volume of 5670 shares trading hands. The stock had previously closed at $258.00.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Finally, 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. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Performance

The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. The stock’s fifty day moving average is $226.42 and its two-hundred day moving average is $233.08. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.41 and a beta of 1.04.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its 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 firm had revenue of $522.83 million for the quarter, compared to analyst estimates of $11.04 billion. On average, analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAC. Allworth Financial LP increased its position in Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. CWM LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at approximately $43,000. Hantz Financial Services Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the second 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 raised its holdings in Grupo Aeroportuario Del Pacifico by 20.6% during the third 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. 11.73% of the stock is owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

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.