Grupo Aeroportuario del Pacífico (NYSE:PAC) Lowered to “Neutral” Rating by Bank of America

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by equities researchers at Bank of America from a “buy” rating to a “neutral” rating in a report released on Tuesday, Marketbeat Ratings reports.

Other equities analysts also recently issued research reports about the stock. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC opened at $188.10 on Tuesday. The company has a market capitalization of $9.50 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52 week low of $140.40 and a 52 week high of $205.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm has a 50 day moving average of $188.68 and a 200 day moving average of $181.61.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently bought and sold shares of PAC. Deutsche Bank AG grew its holdings in shares of Grupo Aeroportuario del Pacífico by 82.0% during the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock valued at $132,732,000 after buying an additional 341,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock valued at $184,870,000 after buying an additional 190,955 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the third quarter valued at $23,145,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Grupo Aeroportuario del Pacífico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after buying an additional 72,798 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Grupo Aeroportuario del Pacífico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock valued at $13,218,000 after buying an additional 71,312 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.