Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $182.43 and traded as high as $185.91. Grupo Aeroportuario del Pacífico shares last traded at $183.54, with a volume of 100,849 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on PAC shares. Bank of America lowered Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. 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. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Grupo Aeroportuario del Pacífico has an average rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock 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 cap of $10.01 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.28 and a beta of 1.46. The stock's fifty day moving average price is $189.96 and its two-hundred day moving average price is $182.90.

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Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently modified their holdings of PAC. Novem Group bought a new position in shares of Grupo Aeroportuario del Pacífico in the fourth quarter worth about $791,000. Snowden Capital Advisors LLC increased its position in Grupo Aeroportuario del Pacífico by 15.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,476 shares of the transportation company's stock worth $258,000 after purchasing an additional 193 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in Grupo Aeroportuario del Pacífico during the 4th quarter worth approximately $132,000. Quantinno Capital Management LP lifted its stake in Grupo Aeroportuario del Pacífico by 24.3% in the 4th quarter. Quantinno Capital Management LP now owns 2,950 shares of the transportation company's stock valued at $516,000 after purchasing an additional 576 shares during the last quarter. Finally, 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. 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.