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 earned an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research report on Friday, November 14th. Finally, Bank of America upgraded Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research report on Thursday, December 11th.

Grupo Aeroportuario Del Pacifico Price Performance

NYSE:PAC opened at $289.03 on Thursday. Grupo Aeroportuario Del Pacifico has a 12 month low of $168.62 and a 12 month high of $295.15. The business’s 50-day moving average is $272.34 and its two-hundred day moving average is $247.39. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 21.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock valued at $304,359,000 after purchasing an additional 206,914 shares during the last quarter. State Street Corp boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 3.6% during the 4th quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock worth $106,425,000 after buying an additional 14,079 shares during the period. Northcape Capital Pty Ltd grew 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 last quarter. Itau Unibanco Holding S.A. bought a new position in Grupo Aeroportuario Del Pacifico in the 4th quarter worth $42,634,000. Finally, Dimensional Fund Advisors LP raised its holdings in Grupo Aeroportuario Del Pacifico by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 154,800 shares of the transportation company’s stock worth $40,805,000 after acquiring an additional 6,085 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Company Profile

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.