Grupo Aeroportuario del Pacifico Now Covered by Credit Suisse (PAC)
Stock analysts at Credit Suisse initiated coverage on shares of Grupo Aeroportuario del Pacifico (NYSE:PAC) in a report issued on Tuesday. The firm set an “outperform” rating and a $75.00 price target on the stock. Credit Suisse’s price target would indicate a potential upside of 17.00% from the company’s current price.
A number of other firms have also recently commented on PAC. Analysts at JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Pacifico from a “neutral” rating to an “underweight” rating in a research note on Monday, May 5th. Analysts at Zacks downgraded shares of Grupo Aeroportuario del Pacifico from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $58.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $66.75.
Grupo Aeroportuario del Pacifico (NYSE:PAC) traded down 0.30% during mid-day trading on Tuesday, hitting $62.16. 47,291 shares of the company’s stock traded hands. Grupo Aeroportuario del Pacifico has a one year low of $41.45 and a one year high of $64.99. The stock has a 50-day moving average of $60.54 and a 200-day moving average of $54.90. The company has a market cap of $3.267 billion and a price-to-earnings ratio of 18.07.
Grupo Aeroportuario del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.38. On average, analysts predict that Grupo Aeroportuario del Pacifico will post $2.99 earnings per share for the current fiscal year.
Grupo Aeroportuario del Pacifico, SAB. de C.V. hold concessions to operate 12 airports, which serve two metropolitan areas (NYSE:PAC), tourist destinations, such as Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and a number of mid-sized cities, such as Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.
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