Weiss Ratings Reaffirms Hold (C) Rating for Grupo Aeroportuario Del Pacifico (NYSE:PAC)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Grupo Aeroportuario Del Pacifico (NYSE:PAC), a sentiment echoed by Citigroup, while Wall Street Zen and Bank of America have downgraded their ratings.
• The company's stock has a 12-month range of $163.76 to $259.33 and is currently trading at approximately $230.54, reflecting a market capitalization of $11.65 billion.
• Grupo Aeroportuario Del Pacifico reported earnings of $2.70 per share for the previous quarter, missing the consensus estimate, and has an average price target of $210.00 according to analyst consensus.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

PAC has been the subject of several other reports. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Bank of America cut Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Finally, Citigroup reaffirmed a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $210.00.

Grupo Aeroportuario Del Pacifico Trading Up 0.5%

PAC opened at $230.54 on Wednesday. Grupo Aeroportuario Del Pacifico has a 12 month low of $163.76 and a 12 month high of $259.33. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.83 and a beta of 1.13. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $243.69 and a 200 day moving average price of $224.63.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.05). The business had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. Sell-side analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of large investors have recently made changes to their positions in the company. Allworth Financial LP raised its stake in Grupo Aeroportuario Del Pacifico by 48.1% during the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. CWM LLC raised its stake in Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company's stock valued at $40,000 after acquiring an additional 51 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Grupo Aeroportuario Del Pacifico by 680.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock valued at $45,000 after acquiring an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at approximately $54,000. Finally, GHP Investment Advisors Inc. purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at approximately $70,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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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