Bank of America cut shares of Grupo Aeroportuario del Pacífico (NYSE:PAC – Free Report) from a buy rating to a neutral rating in a report issued on Tuesday morning, Marketbeat Ratings reports.
PAC has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price objective for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico currently has an average rating of “Hold” and an average target price of $200.00.
Get Our Latest Stock Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Trading Down 0.1 %
Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico
A number of institutional investors have recently added to or reduced their stakes in PAC. Van ECK Associates Corp lifted its holdings in Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after buying an additional 81 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% in the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock worth $63,000 after acquiring an additional 275 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock worth $71,000 after acquiring an additional 401 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after acquiring an additional 53 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.
Grupo Aeroportuario del Pacífico Company Profile
Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.
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