Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded by Jefferies Financial Group to Hold Rating

Grupo Aeroportuario del Pacífico (NYSE:PAC) was upgraded by stock analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. The brokerage presently has a $210.00 target price on the transportation company’s stock, up from their prior target price of $140.00. Jefferies Financial Group’s price target would indicate a potential upside of 7.83% from the stock’s current price.

Several other analysts have also recently issued reports on PAC. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 3.1 %

PAC opened at $194.76 on Wednesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The company’s 50 day simple moving average is $186.47 and its two-hundred day simple moving average is $177.48. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47. Grupo Aeroportuario del Pacífico has a 1-year low of $139.64 and a 1-year high of $200.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Blue Trust Inc. boosted its position 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 worth $78,000 after purchasing an additional 53 shares during the period. Albert D Mason Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 0.5% during the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock worth $2,200,000 after buying an additional 63 shares during the period. Signaturefd LLC boosted 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 worth $44,000 after buying an additional 64 shares during the period. US Bancorp DE grew its stake 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 valued at $78,000 after buying an additional 88 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in shares of Grupo Aeroportuario del Pacífico by 3.7% in the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock valued at $435,000 after buying an additional 88 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.