Barclays Reiterates Equal Weight Rating for Grupo Aeroportuario del Pacífico (NYSE:PAC)

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report)'s stock had its "equal weight" rating restated by equities research analysts at Barclays in a report released on Tuesday, MarketBeat.com reports.

A number of other research firms also recently issued reports on PAC. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 1.2 %

NYSE:PAC traded down $2.32 on Tuesday, hitting $188.00. The stock had a trading volume of 115,030 shares, compared to its average volume of 54,344. Grupo Aeroportuario del Pacífico has a 1-year low of $139.64 and a 1-year high of $200.00. The company has a fifty day moving average price of $185.08 and a two-hundred day moving average price of $174.51. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.23 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently modified their holdings of PAC. Fifth Third Bancorp raised its stake in Grupo Aeroportuario del Pacífico by 327.4% during 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 in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company's stock valued at $16,164,000 after acquiring an additional 6,139 shares during the period. Outlook Wealth Advisors LLC raised its position in Grupo Aeroportuario del Pacífico by 12.2% in the 4th quarter. Outlook Wealth Advisors LLC now owns 2,397 shares of the transportation company's stock valued at $419,000 after purchasing an additional 261 shares during the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Grupo Aeroportuario del Pacífico by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock worth $376,000 after buying an additional 448 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.