Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a sell rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.

A number of other brokerages have also weighed in on PAC. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group cut their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Price Performance

PAC opened at $210.90 on Friday. Grupo Aeroportuario Del Pacifico has a twelve month low of $196.99 and a twelve month high of $300.41. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.51 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $210.64 and a 200 day simple moving average of $231.42.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The firm had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Equities research analysts expect that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% during the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after purchasing an additional 54,439 shares during the period. Empowered Funds LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares during the period. Empirical Finance LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at about $7,195,000. Finally, Lazard Asset Management LLC raised its stake in Grupo Aeroportuario Del Pacifico by 1.6% during the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after acquiring an additional 18,139 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.