Zacks Investment Research Downgrades Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) to Hold

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

A number of other equities research analysts also recently commented on PAC. BidaskClub downgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Scotiabank upgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $91.00 to $110.00 in a research report on Thursday, September 7th. Finally, Morgan Stanley downgraded Grupo Aeroportuario Del Pacifico, S.A. de C.V. from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $119.00.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE PAC) opened at 107.11 on Tuesday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $72.52 and a one year high of $119.87. The firm has a market capitalization of $5.63 billion, a PE ratio of 22.84 and a beta of 0.30. The company’s 50-day moving average price is $110.51 and its 200 day moving average price is $105.69.

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Large investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 128.8% during the 2nd quarter. Advisor Group Inc. now owns 1,769 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 996 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the 2nd quarter valued at $210,000. Tower Research Capital LLC TRC lifted its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 340.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,065 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 1,596 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. during the 2nd quarter valued at $264,000. Finally, Adalta Capital Management LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. in the first quarter valued at $267,000. Institutional investors own 6.26% of the company’s stock.

About Grupo Aeroportuario Del Pacifico, S.A. de C.V.

Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.

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