Brokerages Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) Target Price at $109.00

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $110.00.

PAC has been the topic of several recent research reports. Zacks Investment Research cut shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Scotiabank upgraded shares of 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 stock from $91.00 to $110.00 in a research note on Thursday, September 7th. Finally, BidaskClub cut shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) traded down 0.81% during mid-day trading on Friday, hitting $94.68. 53,493 shares of the stock traded hands. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1-year low of $72.52 and a 1-year high of $119.87. The company’s 50 day moving average price is $101.58 and its 200-day moving average price is $106.67. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 19.97 and a beta of 0.26.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 37.4% in the 1st quarter. Wells Fargo & Company MN now owns 3,795 shares of the transportation company’s stock worth $369,000 after purchasing an additional 1,032 shares during the period. Sei Investments Co. lifted its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 42.4% in the 2nd quarter. Sei Investments Co. now owns 24,415 shares of the transportation company’s stock worth $2,742,000 after purchasing an additional 7,267 shares during the period. Comerica Bank lifted its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 1.3% in the 1st quarter. Comerica Bank now owns 2,732 shares of the transportation company’s stock worth $276,000 after purchasing an additional 35 shares during the period. First Trust Advisors LP bought a new position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. in the 1st quarter worth approximately $285,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 9.4% in the 1st quarter. JPMorgan Chase & Co. now owns 66,691 shares of the transportation company’s stock worth $6,475,000 after purchasing an additional 5,754 shares during the period. Hedge funds and other institutional investors own 6.16% of the company’s stock.

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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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