Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Upgraded by Citigroup

Grupo Aeroportuario Del Pacifico (NYSE:PAC) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Trading Up 0.3%

PAC opened at $217.88 on Monday. Grupo Aeroportuario Del Pacifico has a 52 week low of $206.91 and a 52 week high of $300.41. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $240.16 and a 200-day simple moving average of $252.42. The firm has a market cap of $11.01 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.45 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings data on Tuesday, July 14th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.23 million during the quarter, compared to analysts’ expectations of $732.26 million. On average, equities analysts expect that Grupo Aeroportuario Del Pacifico will post 11.71 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of large investors have recently modified their holdings of PAC. Compound Planning Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 3.3% during the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after purchasing an additional 49 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after buying an additional 57 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after buying an additional 101 shares during the last quarter. Finally, US Bancorp DE raised its stake in Grupo Aeroportuario Del Pacifico by 19.2% during the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after acquiring an additional 106 shares in the last quarter. 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. (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.