Grupo Aeroportuario del Pacífico (NYSE:PAC) Cut to “Neutral” at Bank of America

Bank of America lowered shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a buy rating to a neutral rating in a report released on Tuesday morning, MarketBeat.com reports.

Other equities analysts have also recently issued research reports about the company. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Jefferies Financial Group raised 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $188.27 on Tuesday. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a twelve month low of $140.40 and a twelve month high of $205.35. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a 50-day moving average of $188.81 and a 200 day moving average of $181.65.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock valued at $184,870,000 after acquiring an additional 190,955 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 82.0% during the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock worth $132,732,000 after purchasing an additional 341,661 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of 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 purchasing an additional 25,918 shares in the last quarter. State Street Corp increased its holdings in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after purchasing an additional 37,005 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its position in Grupo Aeroportuario del Pacífico by 31.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock worth $30,495,000 after buying an additional 41,266 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.