Barclays Reaffirms “Equal Weight” Rating for Grupo Aeroportuario del Pacífico (NYSE:PAC)

Grupo Aeroportuario del Pacífico (NYSE:PAC)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a report released on Tuesday,Benzinga reports.

PAC has been the topic of a number of other reports. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $224.00 to $185.00 in a research report 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC opened at $189.70 on Tuesday. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52-week low of $139.64 and a 52-week high of $200.00. 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 stock has a 50 day moving average price of $185.08 and a 200 day moving average price of $174.51.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently made changes to their positions in PAC. Albert D Mason Inc. raised its position in Grupo Aeroportuario del Pacífico by 0.5% during the 3rd quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock worth $2,200,000 after buying an additional 63 shares during the last quarter. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares during the period. US Bancorp DE raised its holdings in Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after purchasing an additional 88 shares in the last quarter. Van ECK Associates Corp lifted its position in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the period. Finally, Blue Trust Inc. increased its position in Grupo Aeroportuario del Pacífico by 37.3% during the 3rd quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.