Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at HSBC

HSBC upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat Ratings reports. HSBC currently has $277.00 target price on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. The Goldman Sachs Group reduced their price target 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. Finally, Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Grupo Aeroportuario Del Pacifico stock opened at $201.90 on Monday. The company has a market cap of $10.20 billion, a PE ratio of 17.93, a PEG ratio of 1.48 and a beta of 0.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico has a 1 year low of $193.11 and a 1 year high of $300.41. The company’s 50-day moving average is $209.20 and its two-hundred day moving average is $230.29.

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

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 8.9% in the second quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 109 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $839,000. Bank of America Corp DE raised its position in Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after buying an additional 54,439 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 50.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock valued at $61,000 after buying an additional 83 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in 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 acquiring an additional 44,531 shares in the last quarter. 11.73% of the stock is 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 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.