Grupo Aeroportuario del Pacífico (NYSE:PAC) Downgraded by StockNews.com to "Sell"

StockNews.com cut shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

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

Grupo Aeroportuario del Pacífico Trading Up 3.1 %

PAC traded up $6.10 during trading hours on Friday, reaching $200.89. 27,091 shares of the company's stock traded hands, compared to its average volume of 69,476. The firm has a 50-day moving average price of $189.13 and a 200 day moving average price of $185.10. The firm has a market capitalization of $10.15 billion, a PE ratio of 19.97, a PEG ratio of 1.28 and a beta of 1.11. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 52-week low of $146.62 and a 52-week high of $205.35.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PAC. Signaturefd LLC increased its stake in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. Fifth Third Bancorp raised its stake in Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock worth $63,000 after acquiring an additional 275 shares during the last quarter. Parallel Advisors LLC grew its stake in Grupo Aeroportuario del Pacífico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in Grupo Aeroportuario del Pacífico by 8,020.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after buying an additional 401 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

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.