Grupo Aeroportuario Del Pacifico (NYSE:PAC) Issues Quarterly Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC) issued its quarterly earnings data on Tuesday. The transportation company reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.01), FiscalAI reports. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. The company had revenue of $645.33 million for the quarter, compared to the consensus estimate of $656.27 million.

Grupo Aeroportuario Del Pacifico Trading Down 0.7%

PAC opened at $202.43 on Tuesday. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.44 and a beta of 0.97. The stock’s 50 day moving average price is $206.26 and its 200-day moving average price is $227.97. Grupo Aeroportuario Del Pacifico has a one year low of $192.65 and a one year high of $300.41. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84.

Analyst Upgrades and Downgrades

PAC has been the subject of a number of recent research reports. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. The Goldman Sachs Group dropped their price objective on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. HSBC upgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price objective on the stock in a research report on Monday, October 5th. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a research note on Saturday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Grupo Aeroportuario Del Pacifico has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.