Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded by Scotiabank to Sector Outperform Rating

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Several other equities research analysts have also weighed in on the stock. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Trading Down 0.7%

Shares of PAC opened at $227.42 on Monday. Grupo Aeroportuario del Pacífico has a 1 year low of $146.62 and a 1 year high of $230.21. 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 stock has a 50 day simple moving average of $197.53 and a 200-day simple moving average of $190.48. The stock has a market cap of $11.49 billion, a PE ratio of 22.61, a PEG ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The company had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. On average, sell-side analysts predict that Grupo Aeroportuario del Pacífico will post 10 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAC. Jane Street Group LLC bought a new position in Grupo Aeroportuario del Pacífico in the 1st quarter valued at $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at $16,136,000. Goldman Sachs Group Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company’s stock valued at $7,416,000 after acquiring an additional 15,862 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Grupo Aeroportuario del Pacífico in the first quarter worth about $209,000. Finally, Canada Pension Plan Investment Board bought a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth about $7,010,000. Institutional investors own 11.73% of the company’s stock.

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.