Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Bumped Down to Neutral by Citigroup

Key Points

• Citigroup downgraded Grupo Aeroportuario del Pacífico from Buy to Neutral, signaling a less bullish view of the airport operator.
• Analyst opinions are mixed, but MarketBeat’s consensus rating is Hold, with an average price target of $259. Four analysts rate the stock Buy and five rate it Hold.
• PAC shares opened at $244.75 on Friday; the company operates 12 airports in Mexico and had a market capitalization of about $12.37 billion.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) was downgraded by stock analysts at Citigroup from a "buy" rating to a "neutral" rating in a research note issued to investors on Friday, MarketBeat.com reports.

Other equities research analysts also recently issued reports about the company. Zacks Research raised Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. The Goldman Sachs Group cut their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Finally, HSBC upgraded shares of 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $259.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.7%

Shares of NYSE PAC opened at $244.75 on Friday. The business has a 50-day moving average price of $211.33 and a 200 day moving average price of $236.24. The stock has a market cap of $12.37 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.83. Grupo Aeroportuario Del Pacifico has a 52-week low of $192.65 and a 52-week high of $300.41.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Hedge funds have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. raised its position in Grupo Aeroportuario Del Pacifico by 0.6% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 13,422 shares of the transportation company's stock worth $2,829,000 after buying an additional 74 shares during the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter worth $126,000. Sage Investment Counsel LLC lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 3.6% in the 3rd quarter. Sage Investment Counsel LLC now owns 2,840 shares of the transportation company's stock worth $583,000 after acquiring an additional 100 shares during the period. Finally, Mondrian Investment Partners LTD boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 31.6% in the third quarter. Mondrian Investment Partners LTD now owns 892 shares of the transportation company's stock valued at $183,000 after acquiring an additional 214 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario Del Pacifico

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.

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