Grupo Aeroportr dl Pcfco SAB de CV (PAC) Lowered to Sector Perform at Scotiabank

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Monday, The Fly reports.

Several other brokerages have also recently issued reports on PAC. Zacks Investment Research cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, January 18th. ValuEngine cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Bank of America cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 30th. Finally, UBS Group upgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $151.00.

Grupo Aeroportr dl Pcfco SAB de CV stock traded down $0.52 during midday trading on Monday, hitting $87.90. 4,901 shares of the company’s stock were exchanged, compared to its average volume of 54,436. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.34 and a quick ratio of 2.34. Grupo Aeroportr dl Pcfco SAB de CV has a 12 month low of $64.45 and a 12 month high of $111.60. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 3.02 and a beta of 0.39.

A number of institutional investors have recently modified their holdings of PAC. Quadrant Capital Group LLC grew its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 706.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,169 shares of the transportation company’s stock worth $94,000 after acquiring an additional 1,024 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of Grupo Aeroportr dl Pcfco SAB de CV in the 4th quarter valued at about $131,000. Naples Global Advisors LLC bought a new stake in shares of Grupo Aeroportr dl Pcfco SAB de CV in the 4th quarter valued at about $266,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 30.7% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,022 shares of the transportation company’s stock valued at $330,000 after buying an additional 710 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Grupo Aeroportr dl Pcfco SAB de CV in the 3rd quarter valued at about $349,000. Institutional investors own 7.40% of the company’s stock.

Grupo Aeroportr dl Pcfco SAB de CV Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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