Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other equities research analysts also recently issued reports about the company. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Bank of America downgraded Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC opened at $201.32 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $10.17 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.28 and a beta of 1.11. Grupo Aeroportuario del Pacífico has a 12 month low of $146.62 and a 12 month high of $206.79. The business’s 50-day moving average is $189.45 and its 200 day moving average is $186.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several large investors have recently added to or reduced their stakes in PAC. Geode Capital Management LLC increased its stake in Grupo Aeroportuario del Pacífico by 7.6% during the third quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock worth $429,000 after acquiring an additional 175 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Grupo Aeroportuario del Pacífico by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company’s stock valued at $376,000 after buying an additional 448 shares during the last quarter. Northcape Capital Pty Ltd grew its stake in shares of Grupo Aeroportuario del Pacífico by 4.5% during the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock valued at $30,070,000 after buying an additional 7,473 shares during the last quarter. Outlook Wealth Advisors LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 12.2% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company’s stock valued at $419,000 after buying an additional 261 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock valued at $16,164,000 after buying an additional 6,139 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Company Profile

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.