Grupo Aeroportuario Del Pacifico (NYSE:PAC) Issues Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC – Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.01), FiscalAI reports. The company had revenue of $645.33 million for the quarter, compared to analyst estimates of $656.27 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.

Grupo Aeroportuario Del Pacifico Stock Down 0.7%

PAC stock opened at $202.43 on Tuesday. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.44 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a 1-year low of $192.65 and a 1-year high of $300.41. The firm has a fifty day moving average price of $206.26 and a two-hundred day moving average price of $227.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84.

Wall Street Analysts Forecast Growth

PAC has been the topic of a number of recent analyst reports. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their target price 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 Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. HSBC raised Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a report on Monday, October 5th. Finally, Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Moderate Buy” and an average target price of $259.00.

Read Our Latest Stock Report on Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario Del Pacifico Company Profile

(Get Free Report)

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.

Further Reading

Earnings History for Grupo Aeroportuario Del Pacifico (NYSE:PAC)

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