Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Strong Trading Volume - Time to Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 130,485 shares traded hands during trading, an increase of 122% from the previous session's volume of 58,651 shares.The stock last traded at $173.20 and had previously closed at $174.40.

Analyst Ratings Changes

A number of research firms have commented on PAC. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Scotiabank lowered Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. Citigroup raised Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group boosted their price objective on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Down 0.2 %

The company has a market cap of $8.80 billion, a P/E ratio of 16.00, a P/E/G ratio of 1.59 and a beta of 1.46. The business has a 50-day moving average price of $172.54 and a two-hundred day moving average price of $170.12.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts' consensus estimates of $3.01 by ($0.46). The firm had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. As a group, sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Grupo Aeroportuario del Pacífico by 70.8% in the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company's stock valued at $2,400,000 after purchasing an additional 6,097 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Grupo Aeroportuario del Pacífico by 141.5% in the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company's stock valued at $78,526,000 after purchasing an additional 281,966 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at about $2,676,000. Marshall Financial Group LLC bought a new stake in Grupo Aeroportuario del Pacífico in the second quarter valued at about $867,000. Finally, 1832 Asset Management L.P. bought a new stake in Grupo Aeroportuario del Pacífico in the second quarter valued at about $13,976,000. 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.