Grupo Aeroportuario del Pacífico (NYSE:PAC) Sets New 12-Month High – Should You Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $204.47 and last traded at $204.82, with a volume of 68857 shares changing hands. The stock had previously closed at $201.46.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price target for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The company’s fifty day simple moving average is $187.26 and its two-hundred day simple moving average is $179.17. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently made changes to their positions in PAC. Blue Trust Inc. raised its holdings in shares of Grupo Aeroportuario del Pacífico by 37.3% in the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 106 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 64 shares during the last quarter. Albert D Mason Inc. raised its holdings in shares of Grupo Aeroportuario del Pacífico by 0.5% in the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after purchasing an additional 63 shares during the last quarter. Eagle Ridge Investment Management raised its holdings in shares of Grupo Aeroportuario del Pacífico by 2.5% in the third quarter. Eagle Ridge Investment Management now owns 72,552 shares of the transportation company’s stock valued at $12,625,000 after purchasing an additional 1,758 shares during the last quarter. Finally, Outlook Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 9.6% in the third quarter. Outlook Wealth Advisors LLC now owns 2,136 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Company Profile

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.