Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Grupo Aeroportuario del Pacifico has a consensus “Hold” rating from eight analysts: four buys, three holds and one sell. The average 12-month price target is $250, above the stock’s reported opening price of $214.83.
• The company missed quarterly expectations, reporting $2.80 in EPS versus the $3.10 consensus and revenue of $645.23 million versus estimates of $732.26 million. Shares remain near their 12-month low of $206.91, compared with a high of $300.41.
• Institutional investors and hedge funds own 11.73% of the stock, with firms including Goldman Sachs, UBS Asset Management and Qube Research & Technologies recently increasing or initiating positions.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) has been assigned a consensus rating of "Hold" from the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $250.00.

Several brokerages have issued reports on PAC. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Zacks Research cut Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Citigroup raised Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group lowered their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th.

Grupo Aeroportuario Del Pacifico Trading Up 0.6%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $214.83 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $232.37 and a 200-day simple moving average of $246.84. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.52 and a beta of 0.94. Grupo Aeroportuario Del Pacifico has a 12-month low of $206.91 and a 12-month high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The company had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. On average, equities analysts forecast that Grupo Aeroportuario Del Pacifico will post 11 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in Grupo Aeroportuario Del Pacifico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock valued at $7,416,000 after purchasing an additional 15,862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $16,136,000. Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $730,000. Guggenheim Capital LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 18.9% during the second quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company's stock worth $707,000 after buying an additional 489 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 232.0% during the second quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company's stock worth $8,576,000 after buying an additional 26,099 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC, commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.

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