Grupo Aeroportuario Del Pacifico (NYSE:PAC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PACGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $255.48 and traded as high as $256.76. Grupo Aeroportuario Del Pacifico shares last traded at $252.5620, with a volume of 124,178 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario Del Pacifico Price Performance

The company has a 50-day moving average of $245.57 and a two-hundred day moving average of $255.43. The stock has a market capitalization of $12.82 billion, a PE ratio of 22.73, a P/E/G ratio of 0.91 and a beta of 0.93. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario Del Pacifico (NYSE:PACGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The transportation company reported $3.72 EPS for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The company had revenue of $635.54 million during the quarter. Sell-side analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently made changes to their positions in the stock. Compound Planning Inc. lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 3.3% in the 4th quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after acquiring an additional 49 shares during the period. Van ECK Associates Corp increased its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 65.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares during the period. Harbour Capital Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 2.2% during the fourth quarter. Harbour Capital Advisors LLC now owns 3,692 shares of the transportation company’s stock worth $967,000 after purchasing an additional 80 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

(Get Free Report)

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.

Further Reading

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