StockNews.com Downgrades Grupo Aeroportuario del Pacífico (NYSE:PAC) to Sell

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other research firms have also issued reports on PAC. Barclays reaffirmed an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC traded up $3.10 during midday trading on Friday, hitting $188.61. The company's stock had a trading volume of 45,656 shares, compared to its average volume of 66,316. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock's 50 day simple moving average is $190.48 and its 200 day simple moving average is $184.30. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a fifty-two week low of $146.62 and a fifty-two week high of $205.35.

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Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently bought and sold shares of PAC. Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after buying an additional 53 shares in the last quarter. Signaturefd LLC raised its position in Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock worth $58,000 after purchasing an additional 81 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Grupo Aeroportuario del Pacífico by 3.7% during the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock worth $435,000 after purchasing an additional 88 shares during the period. US Bancorp DE boosted its holdings in Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after purchasing an additional 99 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Grupo Aeroportuario del Pacífico by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock valued at $458,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds 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.