Zacks Research Upgrades Grupo Aeroportuario Del Pacifico (NYSE:PAC) to "Hold"

Key Points

• Zacks Research upgraded Grupo Aeroportuario del Pacífico from “strong sell” to “hold,” while analyst opinions remain mixed. MarketBeat’s consensus rating is “Moderate Buy,” with an average price target of $250.
• PAC shares opened at $207.51, near the lower end of their 52-week range of $196.99 to $300.41, and are below both their 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, reporting $2.80 in earnings per share versus a $3.10 estimate and revenue of $645.23 million versus $732.26 million expected.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday, Zacks reports.

PAC has been the subject of a number of other reports. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. 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 report on Tuesday, August 4th. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "sell" rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Trading Down 0.2%

PAC opened at $207.51 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock's fifty day moving average is $211.62 and its two-hundred day moving average is $232.35. The company has a market capitalization of $10.49 billion, a P/E ratio of 18.43, a PEG ratio of 1.47 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 52 week low of $196.99 and a 52 week high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its earnings results 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). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The firm had revenue of $645.23 million during the quarter, compared to analysts' expectations of $732.26 million. Analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 increased its position in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company's stock valued at $109,000 after buying an additional 101 shares in the last quarter. NewEdge Advisors LLC raised its stake 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 period. Compound Planning Inc. raised its stake 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 period. Finally, Hantz Financial Services Inc. lifted its position in shares of Grupo Aeroportuario Del Pacifico by 38.1% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the transportation company's stock valued at $174,000 after buying an additional 182 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 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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