Grupo Aeroportuario del Pacífico (NYSE:PAC) Trading 7.7% Higher

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) shares were up 7.7% during mid-day trading on Tuesday . The company traded as high as $174.12 and last traded at $172.86. Approximately 32,052 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 58,824 shares. The stock had previously closed at $160.43.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $175.00 in a report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $175.00.

Grupo Aeroportuario del Pacífico Price Performance

The stock has a market cap of $9.09 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.53. The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 1.83. The company’s fifty day simple moving average is $155.52 and its 200-day simple moving average is $151.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its earnings results on Monday, February 26th. The transportation company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. The business had revenue of $520.93 million for the quarter. As a group, sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently modified their holdings of PAC. Deutsche Bank AG lifted its holdings in Grupo Aeroportuario del Pacífico by 63.9% during the 3rd quarter. Deutsche Bank AG now owns 998,367 shares of the transportation company’s stock valued at $164,102,000 after purchasing an additional 389,214 shares during the last quarter. Northcape Capital Pty Ltd boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 86.4% in the 4th quarter. Northcape Capital Pty Ltd now owns 96,758 shares of the transportation company’s stock worth $16,954,000 after acquiring an additional 44,862 shares in the last quarter. CWA Asset Management Group LLC grew its position in Grupo Aeroportuario del Pacífico by 219.1% during the 3rd quarter. CWA Asset Management Group LLC now owns 63,942 shares of the transportation company’s stock worth $10,510,000 after acquiring an additional 43,904 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Grupo Aeroportuario del Pacífico by 300.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,200 shares of the transportation company’s stock valued at $7,101,000 after purchasing an additional 32,400 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in Grupo Aeroportuario del Pacífico by 65.9% in the 3rd quarter. Quadrature Capital Ltd now owns 35,887 shares of the transportation company’s stock valued at $5,894,000 after purchasing an additional 14,252 shares during 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, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.