Grupo Aeroportuario del Pacífico (NYSE:PAC) Sets New 12-Month High – Still a Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) shares hit a new 52-week high on Thursday . The stock traded as high as $204.47 and last traded at $204.82, with a volume of 68857 shares trading hands. The stock had previously closed at $201.46.

Analyst Upgrades and Downgrades

PAC has been the topic of several recent research reports. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their price target for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The firm’s 50 day moving average price is $187.70 and its 200-day moving average price is $179.65. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.28 and a beta of 1.47. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently modified their holdings of PAC. Deutsche Bank AG grew its stake in shares of Grupo Aeroportuario del Pacífico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock worth $132,732,000 after acquiring an additional 341,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after acquiring an additional 190,955 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter worth $23,145,000. Arrowstreet Capital Limited Partnership boosted its stake in Grupo Aeroportuario del Pacífico by 317.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock worth $16,755,000 after buying an additional 72,798 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Grupo Aeroportuario del Pacífico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after buying an additional 71,312 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.