Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Recommendation of “Hold” from Brokerages

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $210.00.

Several analysts have weighed in on the stock. Bank of America raised shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Scotiabank reiterated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th.

Grupo Aeroportuario Del Pacifico Trading Down 1.8%

PAC stock opened at $263.46 on Wednesday. The company has a market capitalization of $13.31 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.04. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.01 and a current ratio of 2.01. Grupo Aeroportuario Del Pacifico has a one year low of $168.62 and a one year high of $273.40. The company’s 50 day moving average price is $234.89 and its two-hundred day moving average price is $235.28.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a net margin of 25.27% and a return on equity of 42.07%. The business had revenue of $522.83 million during the quarter, compared to analysts’ expectations of $11.04 billion. As a group, analysts predict that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in Grupo Aeroportuario Del Pacifico by 2.6% in the 1st quarter. Invesco Ltd. now owns 7,461 shares of the transportation company’s stock worth $1,384,000 after acquiring an additional 190 shares during the last quarter. Northern Trust Corp raised its stake in shares of Grupo Aeroportuario Del Pacifico by 0.7% during the first quarter. Northern Trust Corp now owns 76,048 shares of the transportation company’s stock valued at $14,108,000 after acquiring an additional 512 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $456,000. Canada Pension Plan Investment Board bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth about $7,010,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth about $209,000. 11.73% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.