Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $200.34 and last traded at $201.04, with a volume of 34675 shares trading hands. The stock had previously closed at $195.00.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on PAC shares. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their target price for the company from $140.00 to $210.00 in a research note on Wednesday. Finally, UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $200.00.
Check Out Our Latest Stock Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Price Performance
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 company has a market capitalization of $9.93 billion, a P/E ratio of 19.54, a P/E/G ratio of 1.23 and a beta of 1.47. The firm's fifty day moving average is $186.97 and its 200 day moving average is $178.40.
Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico
A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 190,955 shares in the last quarter. State Street Corp grew its stake 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 acquiring an additional 37,005 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in Grupo Aeroportuario del Pacífico by 31.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock worth $30,495,000 after acquiring an additional 41,266 shares in the last quarter. Northcape Capital Pty Ltd grew its stake in Grupo Aeroportuario del Pacífico by 4.5% in the 4th quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock worth $30,070,000 after acquiring an additional 7,473 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock worth $16,755,000 after acquiring an additional 72,798 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.
About Grupo Aeroportuario del Pacífico
(
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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.
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