Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Zacks Research

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, January 22nd. Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Finally, Citigroup restated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has an average rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Up 0.2%

Grupo Aeroportuario Del Pacifico stock opened at $290.72 on Monday. The stock has a 50 day moving average of $266.03 and a two-hundred day moving average of $245.00. Grupo Aeroportuario Del Pacifico has a twelve month low of $168.62 and a twelve month high of $292.79. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 worth $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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after acquiring an additional 65 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at approximately $43,000. Finally, Hantz Financial Services Inc. raised its holdings in 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 worth $45,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds 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.