Grupo Aeroportuario Del Pacifico's (PAC) "Hold" Rating Reaffirmed at Citigroup

Key Points

• Grupo Aeroportuario Del Pacifico's stock received a "Neutral" rating from Citigroup, with an average rating of "Hold" and a price target of $197.50 from analysts.
• The company's shares opened at $250.20 and have a 12-month high of $256.22, with a market cap of $12.64 billion.
• In its latest quarterly earnings, Grupo Aeroportuario Del Pacifico reported $2.70 earnings per share, missing expectations by $0.05.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report)'s stock had its "hold" rating restated by analysts at Citigroup in a report issued on Wednesday, MarketBeat reports.

Several other research firms also recently weighed in on PAC. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $197.50.

Grupo Aeroportuario Del Pacifico Stock Down 0.8%

Shares of Grupo Aeroportuario Del Pacifico stock traded down $2.15 during midday trading on Wednesday, hitting $254.84. The company had a trading volume of 80,606 shares, compared to its average volume of 59,390. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $12.88 billion, a P/E ratio of 26.44, a P/E/G ratio of 3.18 and a beta of 1.11. The company has a 50 day moving average of $238.18 and a 200 day moving average of $217.93. Grupo Aeroportuario Del Pacifico has a 52-week low of $163.76 and a 52-week high of $259.33.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). The company had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. On average, equities analysts predict that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently modified their holdings of PAC. Allworth Financial LP boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock worth $35,000 after buying an additional 50 shares during the last quarter. CWM LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the 2nd quarter. CWM LLC now owns 174 shares of the transportation company's stock worth $40,000 after buying an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock worth $45,000 after buying an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth $54,000. Finally, Parallel Advisors LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after buying an additional 59 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico 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.