Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded Grupo Aeroportuario del Pacífico to “Sell” from “Hold,” while the broader analyst consensus remains “Hold” with an average price target of $250.
• PAC shares opened at $203.03, near their 12-month low of $196.99 and below both their 50-day and 200-day moving averages. The stock has a market capitalization of $10.26 billion and a P/E ratio of 18.03.
• The company’s latest quarterly results missed expectations, reporting $2.80 in EPS versus the $3.10 consensus estimate and revenue of $645.23 million versus $732.26 million expected.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

PAC has been the subject of a number of other reports. The Goldman Sachs Group cut their price target 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 cut Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC opened at $203.03 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.26 billion, a P/E ratio of 18.03, a PEG ratio of 1.41 and a beta of 0.93. The company has a 50-day moving average of $212.50 and a two-hundred day moving average of $233.05. Grupo Aeroportuario Del Pacifico has a 12-month low of $196.99 and a 12-month high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly 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). The business 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%. As a group, research analysts predict that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAC. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company's stock valued at $43,000 after purchasing an additional 65 shares during the period. Parallel Advisors LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 29.8% during the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company's stock valued at $109,000 after buying an additional 101 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of Grupo Aeroportuario Del Pacifico by 20.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 644 shares of the transportation company's stock valued at $170,000 after buying an additional 109 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company's stock worth $337,000 after buying an additional 109 shares during the last quarter. Finally, Compound Planning Inc. increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.9% during the 1st quarter. Compound Planning Inc. now owns 1,644 shares of the transportation company's stock worth $406,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.

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