Grupo Aeroportuario del Pacífico (NYSE:PAC) Rating Lowered to Sell at StockNews.com

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other analysts have also weighed in on the stock. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Bank of America cut shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC opened at $187.40 on Friday. Grupo Aeroportuario del Pacífico has a 52 week low of $146.62 and a 52 week high of $205.35. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.28 and a beta of 1.46. The stock has a 50 day moving average of $190.57 and a 200-day moving average of $184.12.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of PAC. State Street Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after purchasing an additional 37,005 shares during the period. FMR LLC grew 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 buying an additional 18,121 shares in the last quarter. BNP Paribas Financial Markets increased its position 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. National Bank of Canada FI raised its stake in Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after acquiring an additional 48,360 shares in the last quarter. Finally, Northcape Capital Pty Ltd boosted its position in Grupo Aeroportuario del Pacífico by 4.5% during the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock worth $30,070,000 after acquiring an additional 7,473 shares during the period. 11.73% of the stock is currently owned by 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.