Grupo Aeroportuario del Pacífico (NYSE:PAC) Trading Up 7.7%

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)’s share price shot up 7.7% during mid-day trading on Tuesday . The company traded as high as $174.12 and last traded at $172.86. 32,052 shares changed hands during trading, a decline of 46% from the average session volume of 58,824 shares. The stock had previously closed at $160.43.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and boosted their target price for the company from $135.00 to $175.00 in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.00.

Grupo Aeroportuario del Pacífico Stock Up 2.2 %

The company has a current ratio of 1.13, a quick ratio of 1.22 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $9.09 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.58 and a beta of 1.53. The stock’s 50-day simple moving average is $155.52 and its 200-day simple moving average is $151.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a return on equity of 52.18% and a net margin of 29.12%. The firm had revenue of $520.93 million during the quarter. As a group, research analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of PAC. EverSource Wealth Advisors LLC increased its stake in Grupo Aeroportuario del Pacífico by 112.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock worth $48,000 after acquiring an additional 146 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Pacífico in the third quarter worth approximately $74,000. Mondrian Investment Partners LTD raised its stake in Grupo Aeroportuario del Pacífico by 22.0% in the third quarter. Mondrian Investment Partners LTD now owns 665 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 120 shares in the last quarter. Blue Trust Inc. lifted its position in Grupo Aeroportuario del Pacífico by 19.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 111 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $119,000. Hedge funds and other 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, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.