Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Lowered by Bank of America

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Tuesday,Finviz reports.

A number of other research firms have also issued reports on PAC. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their target price for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE PAC traded down $5.12 during midday trading on Tuesday, hitting $181.64. The stock had a trading volume of 43,015 shares, compared to its average volume of 63,819. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a 50 day simple moving average of $188.58 and a 200-day simple moving average of $181.48. The company has a market capitalization of $9.18 billion, a PE ratio of 18.06, a P/E/G ratio of 1.28 and a beta of 1.47. Grupo Aeroportuario del Pacífico has a 1 year low of $139.64 and a 1 year high of $205.35.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently bought and sold shares of the company. Novem Group purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the 4th quarter valued at approximately $791,000. Snowden Capital Advisors LLC increased its stake in Grupo Aeroportuario del Pacífico by 15.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company’s stock worth $258,000 after acquiring an additional 193 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Grupo Aeroportuario del Pacífico in the fourth quarter valued at $132,000. Quantinno Capital Management LP lifted its stake in shares of Grupo Aeroportuario del Pacífico by 24.3% in the 4th quarter. Quantinno Capital Management LP now owns 2,950 shares of the transportation company’s stock valued at $516,000 after purchasing an additional 576 shares during the last quarter. Finally, 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 worth $116,455,000 after purchasing an additional 25,918 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.