Grupo Aeroportuario Del Pacifico (NYSE:PAC) Earns “Sector Perform” Rating from Scotiabank

Grupo Aeroportuario Del Pacifico (NYSE:PAC)‘s stock had its “sector perform” rating reiterated by Scotiabank in a research note issued on Thursday, Marketbeat reports.

PAC has been the subject of several other research reports. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Finally, Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Trading Down 0.6%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $227.20 on Thursday. The firm has a market cap of $11.48 billion, a PE ratio of 21.80, a P/E/G ratio of 2.93 and a beta of 1.04. Grupo Aeroportuario Del Pacifico has a 1 year low of $168.62 and a 1 year high of $259.33. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a fifty day moving average price of $223.54 and a 200-day moving average price of $231.83.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Monday, October 20th. The transportation company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). The company had revenue of $520.69 million during the quarter, compared to analysts’ expectations of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. Equities research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock worth $35,000 after purchasing an additional 50 shares in the last quarter. CWM LLC grew its position in shares of 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 purchasing an additional 51 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the third quarter worth $43,000. Hantz Financial Services Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 680.0% in the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after buying an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth $54,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.