Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded by Wall Street Zen to "Hold"

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other analysts also recently weighed in on PAC. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Trading Up 1.3%

Shares of PAC stock traded up $2.82 during trading hours on Friday, hitting $227.64. 110,094 shares of the company's stock traded hands, compared to its average volume of 79,172. The stock has a market cap of $11.50 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.28 and a beta of 1.12. The stock's 50 day simple moving average is $220.73 and its 200 day simple moving average is $199.07. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.62. Grupo Aeroportuario Del Pacifico has a 12 month low of $146.62 and a 12 month high of $241.62.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). The company had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.64% and a return on equity of 37.67%. On average, sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at $54,000. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 32.1% during the 4th 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 boosted its position in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after purchasing an additional 59 shares in the last quarter. GHP Investment Advisors Inc. bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth about $70,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

About Grupo Aeroportuario Del Pacifico

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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