Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) Stock Rating Upgraded by Zacks Investment Research

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, 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. “

PAC has been the subject of a number of other reports. UBS Group raised Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. downgraded Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 6th. Finally, ValuEngine downgraded Grupo Aeroportr dl Pcfco SAB de CV from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Three equities research 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 company presently has a consensus rating of “Hold” and an average price target of $113.68.

Shares of PAC traded down $1.44 on Friday, reaching $105.87. 53,497 shares of the company’s stock traded hands, compared to its average volume of 61,886. The stock has a market cap of $6.02 billion, a PE ratio of 22.19, a PEG ratio of 5.07 and a beta of 0.48. The stock’s 50 day simple moving average is $100.76 and its two-hundred day simple moving average is $100.11. Grupo Aeroportr dl Pcfco SAB de CV has a 52-week low of $64.45 and a 52-week high of $109.18.

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A number of hedge funds and other institutional investors have recently made changes to their positions in PAC. Marshall Wace LLP bought a new position in Grupo Aeroportr dl Pcfco SAB de CV during the first quarter valued at $65,000. Naples Global Advisors LLC grew its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 19.0% during the second quarter. Naples Global Advisors LLC now owns 3,445 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 550 shares during the period. Centre Asset Management LLC bought a new position in Grupo Aeroportr dl Pcfco SAB de CV during the second quarter valued at $259,000. Gilman Hill Asset Management LLC grew its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 3.3% during the second quarter. Gilman Hill Asset Management LLC now owns 21,185 shares of the transportation company’s stock valued at $2,210,000 after purchasing an additional 675 shares during the period. Finally, Eqis Capital Management Inc. grew its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 16.8% during the second quarter. Eqis Capital Management Inc. now owns 6,217 shares of the transportation company’s stock valued at $648,000 after purchasing an additional 896 shares during the period. 9.41% of the stock is owned by institutional investors and hedge funds.

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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