Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Lowered by Scotiabank

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by equities research analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $185.00 target price on the transportation company’s stock, down from their prior target price of $224.00. Scotiabank’s price target would suggest a potential upside of 2.48% from the company’s previous close.

A number of other analysts have also issued reports on PAC. The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $180.52 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.56. Grupo Aeroportuario del Pacífico has a 12-month low of $107.25 and a 12-month high of $197.31. The firm has a market capitalization of $9.12 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47. The firm has a 50-day moving average price of $166.78 and a 200-day moving average price of $167.67.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its earnings results on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The business had revenue of $421.54 million for the quarter. As a group, equities research analysts forecast that Grupo Aeroportuario del Pacífico will post 9.88 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently modified their holdings of the business. Creative Planning purchased a new position in Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $348,000. Mackenzie Financial Corp boosted its position in Grupo Aeroportuario del Pacífico by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 70,614 shares of the transportation company’s stock valued at $11,000,000 after acquiring an additional 3,754 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Grupo Aeroportuario del Pacífico by 9.7% in the 2nd quarter. Marshall Wace LLP now owns 15,787 shares of the transportation company’s stock valued at $2,459,000 after acquiring an additional 1,391 shares during the period. 1832 Asset Management L.P. bought a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter worth $13,976,000. Finally, Sei Investments Co. raised its position in shares of Grupo Aeroportuario del Pacífico by 7.4% in the 2nd quarter. Sei Investments Co. now owns 13,373 shares of the transportation company’s stock worth $2,083,000 after acquiring an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.