Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a sell rating to a hold rating in a report released on Saturday.

A number of other analysts also recently commented on the stock. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC traded down $1.79 during trading on Friday, reaching $203.72. The stock had a trading volume of 44,797 shares, compared to its average volume of 70,446. The business has a fifty day moving average price of $189.66 and a 200-day moving average price of $186.40. Grupo Aeroportuario del Pacífico has a 1-year low of $146.62 and a 1-year high of $206.79. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $10.29 billion, a PE ratio of 20.25, a PEG ratio of 1.28 and a beta of 1.11.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). The business had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. On average, equities analysts forecast that Grupo Aeroportuario del Pacífico will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock worth $58,000 after purchasing an additional 81 shares in the last quarter. Parallel Advisors LLC lifted its stake in Grupo Aeroportuario del Pacífico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after acquiring an additional 59 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after acquiring an additional 275 shares during the period. GHP Investment Advisors Inc. purchased a new position in Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.

About Grupo Aeroportuario del Pacífico

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.