Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives $250.00 Consensus Price Target from Analysts

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $250.00.

A number of brokerages have recently issued reports on PAC. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. The Goldman Sachs Group lowered their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Zacks Research lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Finally, Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $210.00 to $225.00 in a report on Wednesday, August 5th.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $205.71 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The company’s fifty day simple moving average is $230.95 and its 200 day simple moving average is $245.28. Grupo Aeroportuario Del Pacifico has a 12-month low of $204.18 and a 12-month high of $300.41. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.47 and a beta of 0.94.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The company had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. On average, analysts expect that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after purchasing an additional 65 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the third quarter worth $43,000. Kestra Advisory Services LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter valued at $54,000. Van ECK Associates Corp raised its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Grupo Aeroportuario Del Pacifico by 92.0% during the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after purchasing an additional 149 shares during the period. 11.73% of the stock is 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.