Brokerages Anticipate Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) to Post $0.40 EPS

Equities research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) will report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Grupo Aeroportuario del Pacífico’s earnings. Grupo Aeroportuario del Pacífico posted earnings per share of $1.33 during the same quarter last year, which suggests a negative year-over-year growth rate of 69.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 18th.

According to Zacks, analysts expect that Grupo Aeroportuario del Pacífico will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.43 to $2.92. For the next financial year, analysts anticipate that the business will post earnings of $4.28 per share, with EPS estimates ranging from $3.92 to $4.63. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Grupo Aeroportuario del Pacífico.

Several research firms have recently weighed in on PAC. Barclays raised shares of Grupo Aeroportuario del Pacífico from an “equal weight” rating to an “overweight” rating in a report on Friday, November 20th. Citigroup cut their target price on shares of Grupo Aeroportuario del Pacífico from $122.00 to $116.00 and set a “buy” rating for the company in a research report on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and upped their target price for the stock from $95.00 to $122.00 in a research report on Monday, November 30th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an “underweight” rating to a “neutral” rating in a research report on Wednesday, November 25th. Finally, Maxim Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and upped their target price for the stock from $95.00 to $122.00 in a research report on Monday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Grupo Aeroportuario del Pacífico has an average rating of “Buy” and an average target price of $99.70.

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth about $65,000. Envestnet Asset Management Inc. raised its holdings in shares of Grupo Aeroportuario del Pacífico by 43.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,253 shares of the transportation company’s stock valued at $1,149,000 after purchasing an additional 4,343 shares in the last quarter. Naples Global Advisors LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 6.2% during the 3rd quarter. Naples Global Advisors LLC now owns 4,400 shares of the transportation company’s stock worth $355,000 after acquiring an additional 255 shares in the last quarter. Eagle Ridge Investment Management raised its stake in shares of Grupo Aeroportuario del Pacífico by 1.4% during the 3rd quarter. Eagle Ridge Investment Management now owns 70,690 shares of the transportation company’s stock worth $5,700,000 after acquiring an additional 984 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter worth approximately $238,000. Hedge funds and other institutional investors own 11.34% of the company’s stock.

Shares of Grupo Aeroportuario del Pacífico stock traded up $2.72 during trading on Tuesday, hitting $103.28. The stock had a trading volume of 25,105 shares, compared to its average volume of 53,503. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 36.84, a P/E/G ratio of 2.05 and a beta of 1.40. Grupo Aeroportuario del Pacífico has a 12 month low of $44.28 and a 12 month high of $124.63. The business’s 50-day moving average is $106.26 and its 200 day moving average is $94.44. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.89.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V. develops, manages, and operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 2 international airports in Jamaica.

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