Grupo Aeroportuario Del Pacifico (NYSE:PAC) Receives “Hold” Rating from Citigroup

Grupo Aeroportuario Del Pacifico (NYSE:PAC)‘s stock had its “hold” rating reiterated by equities research analysts at Citigroup in a research note issued to investors on Wednesday, MarketBeat.com reports.

Other equities research analysts also recently issued reports about the stock. Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 19th. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to a “neutral” rating in a research note on Friday, May 23rd. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $197.50.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC stock opened at $256.77 on Wednesday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 3.07 and a beta of 1.11. The company’s 50 day moving average is $237.75 and its 200 day moving average is $217.48. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. Grupo Aeroportuario Del Pacifico has a 52-week low of $163.76 and a 52-week high of $258.78.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.05). The business had revenue of $584.36 million for the quarter, compared to analysts’ expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. On average, sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after buying an additional 50 shares in the last quarter. CWM LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock worth $40,000 after purchasing an additional 51 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after purchasing an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth about $54,000. Finally, Parallel Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock worth $65,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico 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.