Brokerages Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Price Target at $250.00

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PACGet Free Report) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $250.00.

A number of analysts have commented on PAC shares. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group lowered their price objective on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Finally, Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th.

Check Out Our Latest Stock Report on Grupo Aeroportuario Del Pacifico

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently made changes to their positions in PAC. EverSource Wealth Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after acquiring an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $43,000. Kestra Advisory Services LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter valued at $54,000. Van ECK Associates Corp lifted its holdings in Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Grupo Aeroportuario Del Pacifico by 92.0% during the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after purchasing an additional 149 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Stock Up 1.4%

NYSE:PAC opened at $208.33 on Monday. Grupo Aeroportuario Del Pacifico has a twelve month low of $201.43 and a twelve month high of $300.41. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock’s 50 day moving average price is $218.32 and its two-hundred day moving average price is $236.26.

Grupo Aeroportuario Del Pacifico (NYSE:PACGet Free Report) last released its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). The company had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. Equities research analysts expect that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Grupo Aeroportuario Del Pacifico (NYSE:PAC)

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