Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives Average Recommendation of “Hold” from Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $200.00.

PAC has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. StockNews.com cut shares of Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st.

Grupo Aeroportuario del Pacífico Stock Down 1.0 %

PAC stock opened at $187.40 on Monday. The firm has a market capitalization of $9.47 billion, a PE ratio of 18.63, a P/E/G ratio of 1.28 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a twelve month low of $146.62 and a twelve month high of $205.35. The stock’s 50 day moving average is $190.57 and its 200-day moving average is $184.12.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Large investors have recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in Grupo Aeroportuario del Pacífico by 74.0% during the third quarter. Cerity Partners LLC now owns 3,288 shares of the transportation company’s stock valued at $572,000 after purchasing an additional 1,398 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,817 shares of the transportation company’s stock worth $1,534,000 after acquiring an additional 588 shares during the period. FMR LLC increased its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after acquiring an additional 18,121 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Grupo Aeroportuario del Pacífico by 16.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock valued at $3,690,000 after acquiring an additional 3,032 shares during the period. Finally, Centiva Capital LP lifted its holdings in Grupo Aeroportuario del Pacífico by 7.2% during the third quarter. Centiva Capital LP now owns 2,447 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.