Grupo Aeroportr dl Pcfco SAB de CV (PAC) Lowered to Underperform at Bank of America

Bank of America cut shares of Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) from a neutral rating to an underperform rating in a research note published on Tuesday, MarketBeat.com reports.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Grupo Aeroportr dl Pcfco SAB de CV from a sell rating to a hold rating in a research report on Saturday, October 6th. ValuEngine upgraded Grupo Aeroportr dl Pcfco SAB de CV from a sell rating to a hold rating in a research report on Friday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $154.00.

Grupo Aeroportr dl Pcfco SAB de CV stock opened at $81.39 on Tuesday. The stock has a market cap of $5.28 billion, a P/E ratio of 19.90, a P/E/G ratio of 3.20 and a beta of 0.33. Grupo Aeroportr dl Pcfco SAB de CV has a 52 week low of $79.54 and a 52 week high of $111.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.68 and a quick ratio of 1.68.

A number of institutional investors have recently bought and sold shares of PAC. Wells Fargo & Company MN increased its position in Grupo Aeroportr dl Pcfco SAB de CV by 19.3% during the 1st quarter. Wells Fargo & Company MN now owns 4,836 shares of the transportation company’s stock worth $482,000 after purchasing an additional 783 shares in the last quarter. Northern Trust Corp increased its position in Grupo Aeroportr dl Pcfco SAB de CV by 10.1% during the 1st quarter. Northern Trust Corp now owns 71,922 shares of the transportation company’s stock worth $7,166,000 after purchasing an additional 6,581 shares in the last quarter. UBS Group AG increased its position in Grupo Aeroportr dl Pcfco SAB de CV by 113.4% during the 1st quarter. UBS Group AG now owns 3,176 shares of the transportation company’s stock worth $316,000 after purchasing an additional 1,688 shares in the last quarter. Manning & Napier Group LLC increased its position in Grupo Aeroportr dl Pcfco SAB de CV by 4.6% during the 2nd quarter. Manning & Napier Group LLC now owns 235,469 shares of the transportation company’s stock worth $21,876,000 after purchasing an additional 10,444 shares in the last quarter. Finally, Conning Inc. increased its position in Grupo Aeroportr dl Pcfco SAB de CV by 23.0% during the 2nd quarter. Conning Inc. now owns 10,700 shares of the transportation company’s stock worth $994,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 7.18% of the company’s stock.

About Grupo Aeroportr dl Pcfco SAB de CV

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.

See Also: Return on Investment (ROI)

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