Grupo Aeroportuario Del Pacifico (NYSE:PAC) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Aeroportuario del Pacifico (NYSE:PAC) from “Hold” to “Sell.” The move contrasts with the broader analyst consensus, which remains “Moderate Buy,” based on five Buy and four Hold ratings.
• Analysts’ consensus price target is $259, above the stock’s reported $203.51 opening price, although several firms have recently adjusted their ratings and targets in both directions.
• GAP’s latest quarterly results fell short of expectations, with EPS of $2.80 versus $3.10 expected and revenue of $645.23 million versus an estimated $732.26 million.

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 research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently commented on PAC. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. 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 note on Tuesday, August 4th. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research report on Monday, July 20th. Finally, HSBC raised Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating and set a $277.00 price target for the company in a research note on Monday, October 5th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC opened at $203.51 on Friday. Grupo Aeroportuario Del Pacifico has a one year low of $192.65 and a one year high of $300.41. The stock's fifty day moving average is $206.53 and its 200-day moving average is $228.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share 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 return on equity of 32.44% and a net margin of 25.36%. Equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.08 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 50.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company's stock worth $61,000 after purchasing an additional 83 shares in the last quarter. Parallel Advisors LLC boosted 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 buying an additional 101 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company's stock worth $337,000 after buying an additional 109 shares in the last quarter. Compound Planning Inc. increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 7.9% in the first quarter. Compound Planning Inc. now owns 1,644 shares of the transportation company's stock valued at $406,000 after buying an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 27.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company's stock valued at $266,000 after buying an additional 234 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

About Grupo Aeroportuario Del Pacifico

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.

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