Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Grupo Aeroportuario del Pacífico from “sell” to “hold.” Despite mixed analyst views, PAC has a consensus “Moderate Buy” rating and an average price target of $259.
• PAC opened at $230.77 and was trading 1.5% higher, with a market capitalization of approximately $11.66 billion. The stock has ranged from $192.65 to $300.41 over the past 12 months.
• Institutional investors hold 11.73% of PAC’s shares, with several funds recently increasing their positions or initiating new stakes.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently commented on PAC. The Goldman Sachs Group dropped their target price 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. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. HSBC upgraded 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 report on Monday, October 5th. Finally, Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $259.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.5%

PAC opened at $230.77 on Friday. The stock has a 50-day moving average of $208.88 and a 200 day moving average of $236.66. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.83. Grupo Aeroportuario Del Pacifico has a 12 month low of $192.65 and a 12 month high of $300.41. The firm has a market cap of $11.66 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.60 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company's stock worth $61,000 after buying an additional 83 shares during the period. Parallel Advisors LLC boosted its position in 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 acquiring an additional 101 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $126,000. Mondrian Investment Partners LTD increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 31.6% in the 3rd 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 during the period. Finally, Alamar Capital Management LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth $222,000. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

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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