Scotiabank Downgrades Grupo Aeroportr dl Pcfco SAB de CV (PAC) to Sector Perform

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Monday, The Fly reports.

PAC has been the topic of several other reports. UBS Group raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Zacks Investment Research raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “hold” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a report on Tuesday, October 30th. ValuEngine downgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Finally, Bank of America raised shares of Grupo Aeroportr dl Pcfco SAB de CV from a “neutral” rating to a “buy” rating in a report on Wednesday, December 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $151.00.

Shares of PAC stock traded down $0.42 during trading hours on Monday, hitting $88.00. The company’s stock had a trading volume of 4,501 shares, compared to its average volume of 54,436. The company has a market capitalization of $4.96 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 3.02 and a beta of 0.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.34 and a quick ratio of 2.34. Grupo Aeroportr dl Pcfco SAB de CV has a 12-month low of $64.45 and a 12-month high of $111.60.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Grupo Aeroportr dl Pcfco SAB de CV by 8.5% during the third quarter. Renaissance Technologies LLC now owns 655,300 shares of the transportation company’s stock worth $71,546,000 after buying an additional 51,500 shares in the last quarter. BlackRock Inc. raised its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 9.9% in the third quarter. BlackRock Inc. now owns 513,842 shares of the transportation company’s stock valued at $56,101,000 after buying an additional 46,143 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 65.3% in the third quarter. Schroder Investment Management Group now owns 398,501 shares of the transportation company’s stock valued at $43,508,000 after buying an additional 157,440 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 7.0% in the third quarter. Cohen & Steers Inc. now owns 206,833 shares of the transportation company’s stock valued at $22,582,000 after buying an additional 13,498 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Grupo Aeroportr dl Pcfco SAB de CV by 3.8% in the third quarter. Russell Investments Group Ltd. now owns 177,116 shares of the transportation company’s stock valued at $19,281,000 after buying an additional 6,561 shares during the last quarter. 7.40% of the stock is currently owned by hedge funds and other institutional investors.

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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