Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been given an average rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $200.00.

Several equities research analysts have recently weighed in on the company. Bank of America cut Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price target for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC opened at $184.12 on Thursday. Grupo Aeroportuario del Pacífico has a 12-month low of $140.40 and a 12-month high of $205.35. The business has a 50-day simple moving average of $189.37 and a two-hundred day simple moving average of $182.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a market cap of $9.30 billion, a PE ratio of 18.30, a PEG ratio of 1.28 and a beta of 1.46.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares in the last quarter. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 275 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 401 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.