Grupo Aeroportuario del Pacífico (NYSE:PAC) Lowered to Neutral Rating by Bank of America

Bank of America cut shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a buy rating to a neutral rating in a research note released on Tuesday, MarketBeat.com reports.

PAC has been the subject of a number of other reports. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price target for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

PAC traded up $2.59 during trading on Tuesday, reaching $188.10. 51,913 shares of the company were exchanged, compared to its average volume of 63,785. Grupo Aeroportuario del Pacífico has a 12-month low of $140.40 and a 12-month high of $205.35. The company's 50-day moving average is $188.68 and its two-hundred day moving average is $181.61. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 1.28 and a beta of 1.46.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Novem Group bought a new stake in shares of Grupo Aeroportuario del Pacífico during the 4th quarter worth $791,000. Snowden Capital Advisors LLC lifted its stake in Grupo Aeroportuario del Pacífico by 15.0% during the fourth 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 during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Grupo Aeroportuario del Pacífico in the 4th quarter worth about $132,000. Quantinno Capital Management LP boosted its holdings in shares of 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 worth $516,000 after purchasing an additional 576 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the 4th quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock valued at $116,455,000 after purchasing an additional 25,918 shares during the last quarter. Hedge funds and other institutional investors 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.