Grupo Aeroportuario Del Pacifico (NYSE:PAC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $243.34 and traded as high as $278.24. Grupo Aeroportuario Del Pacifico shares last traded at $276.2310, with a volume of 46,367 shares traded.

Analyst Ratings Changes

PAC has been the subject of a number of research reports. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 3.9%

The firm has a 50-day moving average of $263.80 and a two-hundred day moving average of $243.75. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at approximately $30,453,000. Lazard Asset Management LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 13.4% during the 3rd quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock valued at $224,757,000 after acquiring an additional 112,212 shares in the last quarter. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth $25,933,000. American Century Companies Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 192.5% in the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock worth $32,840,000 after acquiring an additional 94,115 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 39.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock worth $28,044,000 after acquiring an additional 33,405 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.