Grupo Aeroportuario del Pacifico Stock Rating Upgraded by Deutsche Bank (PAC)
Grupo Aeroportuario del Pacifico (NYSE:PAC) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on PAC. Analysts at Zacks upgraded shares of Grupo Aeroportuario del Pacifico from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $70.20 price target on the stock. Separately, 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. Finally, 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.
Grupo Aeroportuario del Pacifico (NYSE:PAC) opened at 69.516 on Wednesday. Grupo Aeroportuario del Pacifico has a 52-week low of $46.61 and a 52-week high of $69.44. The stock’s 50-day moving average is $66.2 and its 200-day moving average is $58.69. The company has a market cap of $3.654 billion and a P/E ratio of 20.07.
Grupo Aeroportuario del Pacifico (NYSE:PAC) last issued its quarterly earnings data 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. On average, analysts predict that Grupo Aeroportuario del Pacifico will post $3.07 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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