Grupo Aeroportuario del Pacifico Reaches New 52-Week High at $65.25 (PAC)
Shares of Grupo Aeroportuario del Pacifico (NYSE:PAC) hit a new 52-week high on Friday , StockRatingsNetwork reports. The company traded as high as $65.25 and last traded at $65.10, with a volume of 17,706 shares traded. The stock had previously closed at $64.08.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Grupo Aeroportuario del Pacifico in a research note on Tuesday, May 27th. They set an “outperform” rating and a $75.00 price target on the stock. Separately, 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. Finally, 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.75.
The stock’s 50-day moving average is $61.84 and its 200-day moving average is $55.75. The company has a market cap of $3.481 billion and a P/E ratio of 18.47.
Grupo Aeroportuario del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.38. Analysts expect that Grupo Aeroportuario del Pacifico will post $3.08 EPS 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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