Grupo Aeroportuario Del Pacifico (NYSE:PAC) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a hold rating to a strong sell rating in a report released on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on PAC. Bank of America upgraded shares of Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Finally, Citigroup reiterated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $210.00.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE:PAC opened at $267.76 on Tuesday. The stock has a 50-day moving average price of $240.66 and a 200 day moving average price of $236.92. The stock has a market capitalization of $13.40 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.98 and a beta of 1.02. Grupo Aeroportuario Del Pacifico has a 12-month low of $168.62 and a 12-month high of $273.40. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.21.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.96 by ($0.10). The business had revenue of $522.83 million during the quarter, compared to the consensus estimate of $11.04 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%. Equities research analysts forecast that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the third quarter worth $30,453,000. Lazard Asset Management LLC grew its stake in Grupo Aeroportuario Del Pacifico by 13.4% during the 3rd quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock worth $224,757,000 after buying an additional 112,212 shares during the last quarter. American Century Companies Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 192.5% during the 2nd quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company’s stock worth $32,840,000 after buying an additional 94,115 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Grupo Aeroportuario Del Pacifico by 39.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock valued at $28,044,000 after buying an additional 33,405 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Grupo Aeroportuario Del Pacifico by 232.0% in the second quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock valued at $8,576,000 after buying an additional 26,099 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

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.