Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Stock Has Average Price Target of $250.00 According to Analysts

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $250.00.

PAC has been the topic of several analyst reports. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. 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 research note on Wednesday, August 5th. Citigroup raised Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group cut their price target on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds and other institutional investors have recently bought and sold shares of PAC. Bank of America Corp DE grew its position in shares of Grupo Aeroportuario Del Pacifico by 185.0% during the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after buying an additional 54,439 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $7,195,000. Finally, Lazard Asset Management LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after acquiring an additional 18,139 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 0.1%

Shares of NYSE:PAC opened at $201.08 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. Grupo Aeroportuario Del Pacifico has a 52-week low of $193.11 and a 52-week high of $300.41. The company has a 50 day moving average of $209.75 and a two-hundred day moving average of $230.86. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.97.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). The firm had revenue of $645.23 million for the quarter, compared to analysts’ expectations of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. As a group, analysts forecast that Grupo Aeroportuario Del Pacifico will post 11.04 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.