Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Given Average Recommendation of “Hold” by Brokerages

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $210.00.

A number of equities analysts recently issued reports on PAC shares. Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Zacks Research lowered shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday. Scotiabank reissued a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE:PAC opened at $276.85 on Friday. Grupo Aeroportuario Del Pacifico has a 1-year low of $168.62 and a 1-year high of $284.49. The company has a 50-day moving average of $253.62 and a 200 day moving average of $240.32. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Carnegie Investment Counsel lifted its stake in Grupo Aeroportuario Del Pacifico by 0.5% in the fourth quarter. Carnegie Investment Counsel now owns 82,478 shares of the transportation company’s stock valued at $21,744,000 after buying an additional 441 shares during the last quarter. Northcape Capital Pty Ltd increased its stake in Grupo Aeroportuario Del Pacifico by 1.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after buying an additional 3,214 shares during the period. Eastern Bank acquired a new position in shares of Grupo Aeroportuario Del Pacifico during the fourth quarter worth about $202,000. SG Americas Securities LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 51.0% during the 4th quarter. SG Americas Securities LLC now owns 1,252 shares of the transportation company’s stock worth $330,000 after buying an additional 423 shares in the last quarter. Finally, Marshall Financial Group LLC acquired a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at $974,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.