Grupo Aeroportuario del Pacífico (NYSE:PAC) Downgraded to "Underperform" Rating by Bank of America

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) was downgraded by Bank of America from a "neutral" rating to an "underperform" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on PAC. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their target price for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Scotiabank upgraded Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Wall Street Zen upgraded Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC traded down $3.14 on Thursday, hitting $230.37. The company had a trading volume of 87,188 shares, compared to its average volume of 75,567. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a 50 day moving average price of $212.17 and a 200 day moving average price of $196.43. Grupo Aeroportuario del Pacífico has a 1-year low of $146.62 and a 1-year high of $241.62. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.28 and a beta of 1.12.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Analysts expect that Grupo Aeroportuario del Pacífico will post 10 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors have recently made changes to their positions in the stock. Militia Capital Partners LP purchased a new position in Grupo Aeroportuario del Pacífico in the 1st quarter worth $631,000. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth about $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth about $16,136,000. Goldman Sachs Group Inc. grew its stake in shares of Grupo Aeroportuario del Pacífico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock worth $7,416,000 after purchasing an additional 15,862 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth about $209,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Company Profile

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.