Grupo Aeroportuario Del Pacifico (NYSE:PAC – Get Free Report) was upgraded by HSBC from a “hold” rating to a “buy” rating in a research report issued on Monday, Marketbeat reports. The brokerage currently has a $277.00 price objective on the transportation company’s stock. HSBC’s price target suggests a potential upside of 31.95% from the company’s current price.
PAC has been the subject of a number of other reports. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group reduced their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has an average rating of “Moderate Buy” and an average price target of $259.00.
Read Our Latest Stock Report on Grupo Aeroportuario Del Pacifico
Grupo Aeroportuario Del Pacifico Trading Down 0.0%
Grupo Aeroportuario Del Pacifico (NYSE:PAC – Get Free Report) last issued its earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The business had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after purchasing an additional 54,439 shares during the last quarter. Empowered Funds LLC increased its position in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Empirical Finance LLC increased its position in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $7,195,000. Finally, Lazard Asset Management LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 1.6% during the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after buying an additional 18,139 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.
Grupo Aeroportuario Del Pacifico Company Profile
Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.
GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.
Further Reading
- Five stocks we like better than Grupo Aeroportuario Del Pacifico
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
- Lamb Weston’s Turnaround Is Starting to Look Real
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
Receive News & Ratings for Grupo Aeroportuario Del Pacifico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario Del Pacifico and related companies with MarketBeat.com's FREE daily email newsletter.
