Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Strong Trading Volume – Here’s What Happened

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw unusually-strong trading volume on Tuesday . Approximately 130,485 shares were traded during trading, an increase of 122% from the previous session’s volume of 58,651 shares.The stock last traded at $173.20 and had previously closed at $174.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PAC shares. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their price objective on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Down 0.1 %

The company has a market cap of $8.81 billion, a P/E ratio of 15.56, a PEG ratio of 1.61 and a beta of 1.46. The firm has a fifty day moving average price of $172.54 and a 200 day moving average price of $170.12.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The company had revenue of $421.54 million for the quarter. On average, sell-side analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its position in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Pacífico by 163.0% in the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after buying an additional 176 shares during the period. SG Americas Securities LLC bought a new position in Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $242,000. Virtu Financial LLC acquired a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth $293,000. Finally, Outlook Wealth Advisors LLC acquired a new stake in Grupo Aeroportuario del Pacífico during the 2nd quarter worth $304,000. Institutional investors and hedge funds 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.