Grupo Aeroportr dl Pcfco SAB de CV (PAC) Raised to “Equal Weight” at Morgan Stanley

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, The Fly reports.

Separately, Zacks Investment Research downgraded Grupo Aeroportr dl Pcfco SAB de CV from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Grupo Aeroportr dl Pcfco SAB de CV currently has a consensus rating of “Hold” and an average target price of $109.00.

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) opened at $99.49 on Tuesday. The company has a market capitalization of $5,581.39, a PE ratio of 23.97 and a beta of 0.29. Grupo Aeroportr dl Pcfco SAB de CV has a 52 week low of $82.95 and a 52 week high of $119.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 2.04.

A number of hedge funds have recently bought and sold shares of PAC. SG Americas Securities LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV in the third quarter valued at about $109,000. Castleark Management LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV in the fourth quarter valued at about $216,000. Citadel Advisors LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV in the fourth quarter valued at about $232,000. Ellington Management Group LLC acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth about $236,000. Finally, Quadrature Capital Ltd acquired a new position in Grupo Aeroportr dl Pcfco SAB de CV during the fourth quarter worth about $269,000. 7.11% of the stock is owned by institutional investors and hedge funds.

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About Grupo Aeroportr dl Pcfco SAB de CV

Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.

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