Grupo Aeroportuario del Pacífico (NYSE:PAC) Announces Quarterly Earnings Results, Misses Estimates By $0.42 EPS

Grupo Aeroportuario del Pacífico (NYSE:PAC) announced its quarterly earnings data on Monday. The transportation company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.42), reports. The business had revenue of $435.43 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 42.92% and a net margin of 27.04%.

Grupo Aeroportuario del Pacífico Stock Down 0.0 %

Shares of NYSE:PAC traded down $0.01 on Thursday, reaching $171.50. The company had a trading volume of 72,046 shares, compared to its average volume of 94,674. The stock has a market capitalization of $8.67 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.52 and a beta of 1.46. The stock has a 50-day moving average price of $173.03 and a 200 day moving average price of $170.15. Grupo Aeroportuario del Pacífico has a twelve month low of $107.25 and a twelve month high of $197.31.

Analysts Set New Price Targets

Several analysts recently commented on PAC shares. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. The Goldman Sachs Group upped their price target on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Albert D Mason Inc. raised its position in shares of Grupo Aeroportuario del Pacífico by 0.5% in the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after purchasing an additional 63 shares during the period. Signaturefd LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 64 shares during the period. Naples Global Advisors LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 1.3% in the first quarter. Naples Global Advisors LLC now owns 5,447 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 69 shares during the last quarter. Sei Investments Co. increased its stake in shares of Grupo Aeroportuario del Pacífico by 0.6% in the first quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock worth $2,031,000 after purchasing an additional 73 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 37.3% in the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after purchasing an additional 106 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.