Grupo Aeroportuario del Pacífico (NYSE:PAC) Rating Increased to Hold at Jefferies Financial Group

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by stock analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $210.00 price objective on the transportation company’s stock, up from their prior price objective of $140.00. Jefferies Financial Group’s price target suggests a potential upside of 7.83% from the company’s current price.

Several other research analysts have also recently commented on the company. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Barclays reissued 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, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock opened at $194.76 on Wednesday. The firm has a 50 day moving average of $186.47 and a two-hundred day moving average of $177.48. The stock has a market capitalization of $9.84 billion, a PE ratio of 19.36, a P/E/G ratio of 1.23 and a beta of 1.47. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 52 week low of $139.64 and a 52 week high of $200.00.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in shares of Grupo Aeroportuario del Pacífico by 67.9% in the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after buying an additional 89 shares during the last quarter. Signaturefd LLC increased its position 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 purchasing an additional 64 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 275 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 37.3% in the 3rd quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 106 shares during the period. Finally, US Bancorp DE grew its stake in Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds 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.