Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Stock Has Average Target Price of $250.00 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy” for Grupo Aeroportuario del Pacifico, with four buy and four hold ratings and an average 12-month price target of $250, above the stock’s $196.62 opening price.
• Recent analyst actions were mixed but generally improved sentiment: Morgan Stanley upgraded the stock to equal weight, while Goldman Sachs maintained a buy rating despite cutting its target to $275; other firms raised ratings from sell or strong sell to hold.
• PAC recently underperformed earnings expectations, reporting $2.80 in quarterly EPS versus a $3.10 consensus and revenue of $645.23 million versus $732.26 million expected. The shares are down 4.3% and trading near their one-year low of $193.11.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $250.00.

A number of equities research analysts have recently issued reports on PAC shares. Morgan Stanley upgraded 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. Wall Street Zen raised shares of Grupo Aeroportuario Del Pacifico from a "sell" rating to a "hold" rating in a research note on Sunday, September 27th. 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 lowered 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. Finally, Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 65.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company's stock worth $43,000 after acquiring an additional 65 shares in the last quarter. Parallel Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company's stock valued at $109,000 after purchasing an additional 101 shares in the last quarter. NewEdge Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 8.9% during the second quarter. NewEdge Advisors LLC now owns 1,331 shares of the transportation company's stock valued at $337,000 after purchasing an additional 109 shares in the last quarter. Compound Planning Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 7.9% during the first quarter. Compound Planning Inc. now owns 1,644 shares of the transportation company's stock worth $406,000 after purchasing an additional 120 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 27.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company's stock worth $266,000 after purchasing an additional 234 shares during the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Down 4.3%

Shares of PAC stock opened at $196.62 on Friday. The firm's fifty day moving average price is $210.04 and its two-hundred day moving average price is $231.07. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico has a 1 year low of $193.11 and a 1 year high of $300.41. The firm has a market capitalization of $9.94 billion, a P/E ratio of 17.46, a PEG ratio of 1.45 and a beta of 0.97.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.30). The company had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. On average, equities analysts predict that Grupo Aeroportuario Del Pacifico will post 11.04 EPS for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC, commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.

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