Bank of America Downgrades Grupo Aeroportuario del Pacífico (NYSE:PAC) to Neutral

Bank of America downgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a buy rating to a neutral rating in a research report report published on Tuesday, MarketBeat reports.

A number of other equities research analysts also recently commented on PAC. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 0.1 %

Shares of NYSE PAC opened at $188.27 on Tuesday. The company has a market capitalization of $9.51 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.28 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The company has a 50 day simple moving average of $188.81 and a 200-day simple moving average of $181.65. Grupo Aeroportuario del Pacífico has a 1 year low of $140.40 and a 1 year high of $205.35.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 53 shares during the period. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after purchasing an additional 81 shares in the last quarter. US Bancorp DE boosted its stake in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Financial Advocates Investment Management grew its holdings in shares of Grupo Aeroportuario del Pacífico by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 88 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after buying an additional 89 shares during the period. 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.