Grupo Aeroportuario del Pacífico (NYSE:PAC) Lowered to “Sell” Rating by StockNews.com

Grupo Aeroportuario del Pacífico (NYSE:PAC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms also recently issued reports on PAC. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and raised their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC opened at $187.40 on Friday. The firm has a market cap of $9.47 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52-week low of $146.62 and a 52-week high of $205.35. The business’s 50 day moving average price is $190.57 and its two-hundred day moving average price is $183.91. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PAC. Price T Rowe Associates Inc. MD increased its position in shares of Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after acquiring an additional 190,955 shares in the last quarter. Deutsche Bank AG increased its holdings in Grupo Aeroportuario del Pacífico by 82.0% during the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock worth $132,732,000 after purchasing an additional 341,661 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 4.1% in the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company’s stock worth $116,455,000 after purchasing an additional 25,918 shares during the last quarter. State Street Corp raised its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after purchasing an additional 37,005 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock valued at $30,495,000 after purchasing an additional 41,266 shares in the last quarter. 11.73% of the stock is owned by institutional investors.

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.