Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a sell rating to a hold rating in a report released on Saturday.

PAC has been the subject of a number of other reports. 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 Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC traded down $4.06 during mid-day trading on Friday, hitting $201.32. The company's stock had a trading volume of 80,656 shares, compared to its average volume of 69,754. Grupo Aeroportuario del Pacífico has a one year low of $146.62 and a one year high of $206.79. 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 firm has a market capitalization of $10.17 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. The stock's 50-day moving average is $189.45 and its two-hundred day moving average is $186.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock valued at $184,870,000 after buying an additional 190,955 shares in the last quarter. Deutsche Bank AG boosted its position in Grupo Aeroportuario del Pacífico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after buying an additional 341,661 shares in the last quarter. Lazard Asset Management LLC boosted its position in Grupo Aeroportuario del Pacífico by 4.1% in the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock valued at $116,455,000 after buying an additional 25,918 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position 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 valued at $30,495,000 after buying an additional 41,266 shares in the last quarter. Finally, Northcape Capital Pty Ltd boosted its position in Grupo Aeroportuario del Pacífico by 4.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company's stock valued at $30,070,000 after buying an additional 7,473 shares in the last quarter. 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.