Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts maintain a consensus “Hold” rating on Grupo Aeroportuario Del Pacifico, with four buys, three holds and one sell among eight analysts. The average 12-month price target is $250, above the latest share price of $208.28.
• Recent recommendations were mixed: Goldman Sachs cut its target to $275 while retaining a buy rating, Morgan Stanley upgraded the stock to equal weight, and Zacks Research downgraded it to strong sell.
• 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. Institutional investors own 11.73% of the stock.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $250.00.

Several research firms recently issued reports on PAC. The Goldman Sachs Group dropped 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. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Zacks Research downgraded Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Citigroup raised Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research note on Monday, July 20th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Large investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake 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 valued at $289,488,000 after purchasing an additional 18,139 shares during the last quarter. State Street Corp boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 3.6% in the 4th quarter. State Street Corp now owns 403,691 shares of the transportation company's stock worth $106,425,000 after buying an additional 14,079 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at $42,634,000. Dimensional Fund Advisors LP boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company's stock worth $38,699,000 after buying an additional 2,090 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Grupo Aeroportuario Del Pacifico during the third quarter valued at about $30,453,000. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 0.1%

Shares of NYSE:PAC opened at $208.28 on Monday. The firm has a market cap of $10.52 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.47 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 12-month low of $201.43 and a 12-month high of $300.41. The business has a fifty day simple moving average of $221.08 and a 200 day simple moving average of $238.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

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 the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The company had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. Analysts predict that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC, commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.

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