Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) from a sell rating to a hold rating in a research note published on Friday morning, Zacks.com reports.

According to Zacks, “Grupo Aeroportuario del Pacifico was constituted as part of the process of opening to the private investment the Mexican airport system. Currently the aeronautic infrastructure has become the base of every service of air transportation; constituting this a pole of development around which a series of activities of great economic importance is articulated: business, aeronautic services, commerce, business, etc. It administers, operates, maintains and develops twelve airports in the regions of the Pacific and Center of Mexico, in the cities of Guadalajara, Hermosillo, Puerto Vallarta, Aguascalientes, La Paz, Tijuana, Leon, among other. “

Other equities analysts have also recently issued reports about the stock. UBS Group upgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a neutral rating to a buy rating in a research report on Tuesday, September 24th. ValuEngine cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a hold rating to a sell rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut shares of Grupo Aeroportr dl Pcfco SAB de CV from a neutral rating to an underweight rating in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $113.68.

NYSE PAC traded down $0.92 on Friday, hitting $105.55. 77,870 shares of the stock were exchanged, compared to its average volume of 61,953. Grupo Aeroportr dl Pcfco SAB de CV has a 52-week low of $64.45 and a 52-week high of $109.18. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 4.47 and a beta of 0.48. The company’s 50-day moving average price is $101.27 and its two-hundred day moving average price is $100.16.

Several institutional investors have recently bought and sold shares of the company. Naples Global Advisors LLC grew its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 3.5% during the 3rd quarter. Naples Global Advisors LLC now owns 3,565 shares of the transportation company’s stock valued at $344,000 after acquiring an additional 120 shares in the last quarter. Albert D Mason Inc. grew its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 0.8% during the 3rd quarter. Albert D Mason Inc. now owns 20,287 shares of the transportation company’s stock valued at $1,958,000 after acquiring an additional 160 shares in the last quarter. AGF Investments LLC purchased a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the 2nd quarter valued at $25,000. Gilman Hill Asset Management LLC boosted its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 1.3% in the third quarter. Gilman Hill Asset Management LLC now owns 21,450 shares of the transportation company’s stock worth $2,070,000 after purchasing an additional 265 shares in the last quarter. Finally, Quantamental Technologies LLC boosted its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 100.0% in the second quarter. Quantamental Technologies LLC now owns 540 shares of the transportation company’s stock worth $56,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 9.45% of the company’s stock.

Grupo Aeroportr dl Pcfco SAB de CV Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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