Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Bumped Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Grupo Aeroportuario del Pacifico from “sell” to “hold,” while broader analyst sentiment remains a “Moderate Buy,” with four Buy and four Hold ratings and an average price target of $250.
• PAC shares opened at $215.97, well below their 12-month high of $300.41. The stock trades at a price-to-earnings ratio of 19.18 and has a market capitalization of approximately $10.91 billion.
• The company’s latest quarterly results fell short of expectations, reporting $2.80 in earnings per share versus a $3.10 estimate and revenue of $645.23 million versus $732.26 million expected; institutional investors own 11.73% of the stock.

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

Other analysts have also issued research reports about the stock. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a report on Monday, July 20th. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. The Goldman Sachs Group dropped their price target on 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. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Moderate Buy" and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE PAC opened at $215.97 on Friday. Grupo Aeroportuario Del Pacifico has a twelve month low of $196.99 and a twelve month high of $300.41. The stock has a 50-day simple moving average of $210.83 and a 200 day simple moving average of $231.81. The stock has a market capitalization of $10.91 billion, a PE ratio of 19.18, a P/E/G ratio of 1.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing analysts' consensus estimates 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%. Research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAC. Bank of America Corp DE grew its position in shares of Grupo Aeroportuario Del Pacifico by 185.0% during the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company's stock worth $20,704,000 after purchasing an additional 54,439 shares in the last quarter. Empirical Finance LLC grew its position in Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company's stock valued at $18,418,000 after acquiring an additional 44,531 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company's stock valued at $18,418,000 after purchasing an additional 44,531 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth $7,195,000. Finally, Lazard Asset Management LLC grew its position in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company's stock worth $289,488,000 after acquiring an additional 18,139 shares during 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 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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