Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) was downgraded by equities researchers at Bank of America from a "neutral" rating to an "underperform" rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.
A number of other analysts have also issued reports on the company. Wall Street Zen upgraded Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their target price for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Finally, Scotiabank upgraded Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.00.
Read Our Latest Research Report on PAC
Grupo Aeroportuario del Pacífico Price Performance
Shares of PAC stock traded down $3.24 during trading hours on Thursday, hitting $230.27. The stock had a trading volume of 138,467 shares, compared to its average volume of 75,908. Grupo Aeroportuario del Pacífico has a one year low of $146.62 and a one year high of $241.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock's 50-day moving average price is $213.29 and its two-hundred day moving average price is $196.89. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.28 and a beta of 1.12.
Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Equities analysts forecast that Grupo Aeroportuario del Pacífico will post 10 EPS for the current year.
Institutional Trading of Grupo Aeroportuario del Pacífico
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after purchasing an additional 6,665 shares during the last quarter. Northern Trust Corp increased its position in shares of Grupo Aeroportuario del Pacífico by 1,688.3% in the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after acquiring an additional 71,312 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company's stock valued at $509,000 after acquiring an additional 194 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Aeroportuario del Pacífico by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock valued at $144,000 after acquiring an additional 237 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Grupo Aeroportuario del Pacífico by 8,020.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock valued at $71,000 after acquiring an additional 401 shares during the period. Hedge funds and other institutional investors own 11.73% of the company's stock.
About Grupo Aeroportuario del Pacífico
(
Get Free Report)
Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.
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