Grupo Aeroportuario Del Pacifico (NYSE:PAC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $255.48 and traded as high as $256.76. Grupo Aeroportuario Del Pacifico shares last traded at $252.5620, with a volume of 124,178 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Performance

The company’s fifty day moving average is $245.66 and its 200 day moving average is $255.48. The company has a market capitalization of $12.76 billion, a P/E ratio of 22.63, a P/E/G ratio of 0.91 and a beta of 0.93. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its earnings results on Tuesday, March 31st. The transportation company reported $3.72 earnings per share (EPS) for the quarter. Grupo Aeroportuario Del Pacifico had a net margin of 25.04% and a return on equity of 43.12%. The business had revenue of $635.54 million for the quarter. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.64 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds have recently made changes to their positions in PAC. Militia Capital Management LLC bought a new stake in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $839,000. NewEdge Advisors LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 12.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,222 shares of the transportation company’s stock worth $302,000 after purchasing an additional 135 shares during the period. Bank of America Corp DE boosted its stake in Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after purchasing an additional 54,439 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 50.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock valued at $61,000 after buying an additional 83 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after buying an additional 44,531 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

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.