Grupo Aeroportuario del Pacífico (NYSE:PAC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $182.43 and traded as high as $185.91. Grupo Aeroportuario del Pacífico shares last traded at $183.54, with a volume of 100,849 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on PAC. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico presently has a consensus rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Down 0.2 %

The firm has a fifty day moving average price of $189.68 and a 200 day moving average price of $182.43. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $9.27 billion, a P/E ratio of 18.24, a PEG ratio of 1.28 and a beta of 1.46.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after purchasing an additional 37,005 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 54.0% during the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock worth $3,749,000 after buying an additional 7,553 shares in the last quarter. FMR LLC boosted its position in Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock valued at $3,370,000 after buying an additional 18,121 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Grupo Aeroportuario del Pacífico by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock worth $3,690,000 after acquiring an additional 3,032 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock worth $8,521,000 after acquiring an additional 48,360 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

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.