Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Grupo Aeroportuario del Pacífico has a consensus “Moderate Buy” rating from nine analysts, with five buy ratings and four holds. The average 12-month price target is $259, compared with the stock’s reported price of $224.74.
• Recent analyst actions were mixed but generally improved: Citigroup upgraded the stock to “buy,” Zacks raised it to “hold,” and Morgan Stanley upgraded it to “equal weight,” while Goldman Sachs cut its price target to $275 but maintained a buy rating.
• Institutional investors own 11.73% of PAC, with several funds increasing their positions. The company operates 12 airports in Mexico, including facilities serving Guadalajara, Tijuana, Puerto Vallarta and Los Cabos.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $259.00.

PAC has been the subject of a number of recent research reports. Zacks Research raised Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a report on Monday, July 20th. The Goldman Sachs Group dropped their price objective 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. Finally, Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 1.6% in the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company's stock valued at $289,488,000 after acquiring an additional 18,139 shares during the last quarter. Bank of America Corp DE grew its position in Grupo Aeroportuario Del Pacifico by 185.0% in the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company's stock worth $20,704,000 after acquiring an additional 54,439 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth $7,195,000. Empowered Funds LLC lifted its position in Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company's stock valued at $18,418,000 after buying an additional 44,531 shares during the last quarter. Finally, Empirical Finance LLC lifted 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 buying an additional 44,531 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock opened at $224.74 on Tuesday. Grupo Aeroportuario Del Pacifico has a one year low of $192.65 and a one year high of $300.41. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.78 and a current ratio of 0.78. The business's 50 day moving average price is $207.33 and its 200 day moving average price is $237.51.

About Grupo Aeroportuario Del Pacifico

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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