Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Recommendation of “Hold” from Brokerages

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of large investors have recently bought and sold shares of PAC. EverSource Wealth Advisors LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $43,000. Kestra Advisory Services LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the fourth quarter valued at $54,000. Van ECK Associates Corp increased its holdings in Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC stock opened at $228.62 on Friday. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $206.91 and a fifty-two week high of $300.41. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s 50-day simple moving average is $246.22 and its 200-day simple moving average is $253.87.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Tuesday, March 31st. The transportation company reported $3.72 EPS for the quarter. The company had revenue of $635.54 million during the quarter. Grupo Aeroportuario Del Pacifico had a net margin of 25.04% and a return on equity of 43.12%. As a group, equities analysts forecast that Grupo Aeroportuario Del Pacifico will post 12.51 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long?term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.