Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Strong Trading Volume – Still a Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) shares saw an uptick in trading volume on Monday . 105,247 shares changed hands during trading, an increase of 29% from the previous session’s volume of 81,454 shares.The stock last traded at $195.33 and had previously closed at $203.81.

Wall Street Analyst Weigh In

PAC has been the subject of several recent analyst reports. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 0.6 %

The business has a 50-day moving average of $187.70 and a 200-day moving average of $180.07. 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 market cap of $9.91 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.28 and a beta of 1.47.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several institutional investors have recently made changes to their positions in the company. Deutsche Bank AG raised its position in Grupo Aeroportuario del Pacífico by 82.0% during the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock valued at $132,732,000 after acquiring an additional 341,661 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $184,870,000 after purchasing an additional 190,955 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter valued at $23,145,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after purchasing an additional 72,798 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Grupo Aeroportuario del Pacífico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after purchasing an additional 71,312 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.