Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 12-Month High – Still a Buy?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $278.94 and last traded at $277.5340, with a volume of 91103 shares trading hands. The stock had previously closed at $270.03.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAC. Zacks Research cut Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a research note on Thursday, December 11th. Citigroup reissued a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

The company has a 50-day moving average of $251.20 and a 200 day moving average of $239.62. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $13.64 billion, a PE ratio of 26.63, a PEG ratio of 2.02 and a beta of 1.02.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, October 21st. The transportation company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.96 by ($0.10). Grupo Aeroportuario Del Pacifico had a return on equity of 42.07% and a net margin of 25.27%.The business had revenue of $522.83 million for the quarter, compared to analyst estimates of $11.04 billion. Sell-side analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several large investors have recently bought and sold shares of PAC. Northcape Capital Pty Ltd raised its holdings in Grupo Aeroportuario Del Pacifico by 1.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after acquiring an additional 3,214 shares during the last quarter. Eastern Bank purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $202,000. SG Americas Securities LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 51.0% in the fourth quarter. SG Americas Securities LLC now owns 1,252 shares of the transportation company’s stock valued at $330,000 after purchasing an additional 423 shares during the last quarter. Marshall Financial Group LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the fourth quarter worth approximately $974,000. Finally, Harbour Capital Advisors LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 2.2% during the fourth quarter. Harbour Capital Advisors LLC now owns 3,692 shares of the transportation company’s stock worth $967,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.