Grupo Aeroportuario del Pacífico (NYSE:PAC) Shares Cross Above 200 Day Moving Average – What’s Next?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $182.43 and traded as high as $185.91. Grupo Aeroportuario del Pacífico shares last traded at $183.54, with a volume of 100,849 shares.

Wall Street Analyst Weigh In

PAC has been the topic of several analyst reports. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 4.4 %

The firm has a market cap of $9.67 billion, a P/E ratio of 19.03, a PEG ratio of 1.28 and a beta of 1.46. The firm’s fifty day moving average is $189.96 and its two-hundred day moving average is $182.63. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Institutional Trading of Grupo Aeroportuario del Pacífico

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 81 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after buying an additional 275 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock valued at $71,000 after buying an additional 401 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock valued at $78,000 after buying an additional 53 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after buying an additional 88 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Company Profile

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.