Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) from a sell rating to a hold rating in a research note published on Friday, Zacks.com reports.

According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “

Several other brokerages have also recently commented on PAC. Itau BBA Securities upgraded Grupo Aeroportr dl Pcfco SAB de CV from a market perform rating to an outperform rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut Grupo Aeroportr dl Pcfco SAB de CV from a neutral rating to an underweight rating in a report on Tuesday, August 6th. Finally, UBS Group cut Grupo Aeroportr dl Pcfco SAB de CV from a neutral rating to a sell rating and set a $108.36 target price on the stock. in a report on Thursday, June 27th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $113.68.

Shares of NYSE:PAC opened at $96.23 on Friday. The business’s fifty day moving average price is $94.72 and its two-hundred day moving average price is $98.21. Grupo Aeroportr dl Pcfco SAB de CV has a fifty-two week low of $64.45 and a fifty-two week high of $111.27. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.42 and a quick ratio of 1.42.

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.18 earnings per share for the quarter. Grupo Aeroportr dl Pcfco SAB de CV had a return on equity of 24.65% and a net margin of 35.50%. The firm had revenue of $191.36 million for the quarter. Research analysts expect that Grupo Aeroportr dl Pcfco SAB de CV will post 5.01 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $1.921 per share. The ex-dividend date was Friday, August 30th. This is a boost from Grupo Aeroportr dl Pcfco SAB de CV’s previous dividend of $0.91. Grupo Aeroportr dl Pcfco SAB de CV’s dividend payout ratio is presently 75.47%.

Hedge funds have recently made changes to their positions in the company. AGF Investments LLC acquired a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the second quarter valued at $25,000. Shine Investment Advisory Services Inc. acquired a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the second quarter valued at $29,000. Quantamental Technologies LLC lifted its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 100.0% during the second quarter. Quantamental Technologies LLC now owns 540 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 270 shares during the period. Marshall Wace LLP acquired a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the first quarter valued at $65,000. Finally, Financial Gravity Wealth Inc. lifted its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 440.7% during the second quarter. Financial Gravity Wealth Inc. now owns 638 shares of the transportation company’s stock valued at $67,000 after acquiring an additional 520 shares during the period. Institutional investors own 9.39% of the company’s stock.

Grupo Aeroportr dl Pcfco SAB de CV Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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