Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Lowered to Strong Sell at Zacks Research

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

Several other research analysts also recently commented on the stock. 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. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.0%

Shares of PAC opened at $267.76 on Tuesday. The business has a 50-day moving average of $240.66 and a 200 day moving average of $236.92. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $168.62 and a fifty-two week high of $273.40. The firm has a market cap of $13.40 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.96 by ($0.10). The business had revenue of $522.83 million for the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. As a group, research analysts forecast that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. CWM LLC raised its holdings 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 valued at $40,000 after buying an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 3rd quarter worth approximately $43,000. Hantz Financial Services Inc. boosted its stake in Grupo Aeroportuario Del Pacifico by 680.0% in the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after buying an additional 170 shares in the last quarter. Finally, Van ECK Associates Corp grew its position 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 valued at $79,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors 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.