Grupo Aeroportr dl Pcfco SAB de CV (PAC) Stock Rating Lowered by ValuEngine

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities research analysts have also issued research reports about the stock. Bank of America assumed coverage on shares of Grupo Aeroportr dl Pcfco SAB de CV in a report on Tuesday, August 28th. They issued a “neutral” rating and a $106.00 price target for the company. Zacks Investment Research lowered shares of Grupo Aeroportr dl Pcfco SAB de CV from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $154.00.

Shares of NYSE:PAC traded down $0.90 during trading hours on Friday, hitting $69.37. The company’s stock had a trading volume of 31,904 shares, compared to its average volume of 73,831. Grupo Aeroportr dl Pcfco SAB de CV has a 52 week low of $69.07 and a 52 week high of $111.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market cap of $3.94 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.05 and a beta of 0.70.

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) last posted its quarterly earnings results on Thursday, October 25th. The transportation company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.92 by $0.33. Grupo Aeroportr dl Pcfco SAB de CV had a net margin of 38.49% and a return on equity of 24.29%. The business had revenue of $186.39 million during the quarter. On average, research analysts predict that Grupo Aeroportr dl Pcfco SAB de CV will post 4.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Albert D Mason Inc. raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 3.3% during the 2nd quarter. Albert D Mason Inc. now owns 18,447 shares of the transportation company’s stock worth $1,714,000 after acquiring an additional 590 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 30.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,022 shares of the transportation company’s stock worth $330,000 after acquiring an additional 710 shares in the last quarter. Northern Trust Corp raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 1.0% during the 2nd quarter. Northern Trust Corp now owns 72,640 shares of the transportation company’s stock worth $6,749,000 after acquiring an additional 718 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 19.3% during the 1st quarter. Wells Fargo & Company MN now owns 4,836 shares of the transportation company’s stock worth $482,000 after acquiring an additional 783 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Grupo Aeroportr dl Pcfco SAB de CV by 15.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 7,499 shares of the transportation company’s stock worth $819,000 after acquiring an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 7.86% of the company’s stock.

About Grupo Aeroportr dl Pcfco SAB de CV

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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