Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts also recently weighed in on the stock. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group dropped their price objective on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Finally, Zacks Research lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of NYSE PAC opened at $203.03 on Friday. Grupo Aeroportuario Del Pacifico has a 12 month low of $196.99 and a 12 month high of $300.41. The company has a market cap of $10.26 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.44 and a beta of 0.93. The business’s 50 day moving average is $212.50 and its two-hundred day moving average is $233.05. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

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

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in 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 acquiring an additional 54,439 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after purchasing an additional 44,531 shares in the last quarter. Empowered Funds LLC boosted its stake 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 purchasing an additional 44,531 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth about $7,195,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after purchasing an additional 18,139 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) is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.