Grupo Aeroportuario del Pacífico (NYSE:PAC) Rating Increased to Buy at UBS Group

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $185.25 on Tuesday. 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 company has a market capitalization of $9.36 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. The business’s 50-day moving average price is $177.20 and its 200 day moving average price is $170.98. Grupo Aeroportuario del Pacífico has a twelve month low of $139.64 and a twelve month high of $197.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares in the last quarter. Northcape Capital Pty Ltd lifted its position in shares of Grupo Aeroportuario del Pacífico by 1.6% in the 3rd quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company’s stock valued at $28,603,000 after acquiring an additional 2,557 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Grupo Aeroportuario del Pacífico by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock valued at $21,515,000 after acquiring an additional 5,481 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Aeroportuario del Pacífico in the third quarter worth $23,145,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the second quarter worth $13,976,000. 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.