Grupo Aeroportuario Del Pacifico (NYSE:PAC) Announces Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC) posted its earnings results on Monday. The transportation company reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.31, FiscalAI reports. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.33 million for the quarter, compared to the consensus estimate of $656.27 million.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC traded up $4.62 on Tuesday, hitting $207.71. The company had a trading volume of 6,364 shares, compared to its average volume of 123,777. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The company has a market cap of $10.50 billion, a PE ratio of 18.45, a PEG ratio of 1.44 and a beta of 0.97. The business has a 50 day moving average of $206.26 and a 200 day moving average of $227.97. Grupo Aeroportuario Del Pacifico has a 52-week low of $192.65 and a 52-week high of $300.41.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAC. HSBC upgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a research report on Monday, October 5th. Morgan Stanley upgraded Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.00.

About Grupo Aeroportuario Del Pacifico

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.