Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Average Recommendation of “Hold” by Analysts

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $200.00.

PAC has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. Finally, StockNews.com lowered Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a research note on Saturday.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after buying an additional 190,955 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Grupo Aeroportuario del Pacífico by 82.0% in the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock valued at $132,732,000 after purchasing an additional 341,661 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Grupo Aeroportuario del Pacífico by 4.1% during the 4th quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company’s stock valued at $116,455,000 after purchasing an additional 25,918 shares during the last quarter. State Street Corp raised its position in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after purchasing an additional 37,005 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock worth $30,495,000 after purchasing an additional 41,266 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Down 1.0 %

Shares of NYSE PAC opened at $187.40 on Monday. The business has a 50-day simple moving average of $190.57 and a two-hundred day simple moving average of $184.12. Grupo Aeroportuario del Pacífico has a 52 week low of $146.62 and a 52 week high of $205.35. The company has a market cap of $9.47 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.28 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

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.