StockNews.com Downgrades Grupo Aeroportuario del Pacífico (NYSE:PAC) to Sell

StockNews.com cut shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other brokerages have also commented on PAC. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico presently has a consensus rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Down 1.5 %

Grupo Aeroportuario del Pacífico stock opened at $184.87 on Friday. The business’s 50-day simple moving average is $190.47 and its two-hundred day simple moving average is $184.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $9.34 billion, a PE ratio of 18.38, a PEG ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a fifty-two week low of $146.62 and a fifty-two week high of $205.35.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 74.0% in the 3rd quarter. Cerity Partners LLC now owns 3,288 shares of the transportation company’s stock valued at $572,000 after purchasing an additional 1,398 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the third quarter. The Manufacturers Life Insurance Company now owns 8,817 shares of the transportation company’s stock valued at $1,534,000 after buying an additional 588 shares in the last quarter. FMR LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 1,454.3% in the third quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after acquiring an additional 18,121 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Grupo Aeroportuario del Pacífico by 16.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock worth $3,690,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in shares of Grupo Aeroportuario del Pacífico by 7.2% during the 3rd quarter. Centiva Capital LP now owns 2,447 shares of the transportation company’s stock worth $426,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other 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.