Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded by UBS Group to Buy Rating

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Tuesday, MarketBeat.com reports.

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

Grupo Aeroportuario del Pacífico Trading Down 1.0 %

Shares of PAC stock opened at $185.25 on Tuesday. The company has a market capitalization of $9.36 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.65 and a beta of 1.46. The firm has a 50-day moving average price of $177.20 and a 200 day moving average price of $170.98. 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 12-month low of $139.64 and a 12-month high of $197.31.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in 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 worth $38,000 after purchasing an additional 89 shares in the last quarter. Signaturefd LLC lifted 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 valued at $44,000 after buying an additional 64 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third 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. Finally, Cozad Asset Management Inc. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the third quarter worth about $218,000. 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.