Jefferies lifts Grupo Aeroportuario stock rating, target to $210

Investors and market watchers will likely keep a close eye on the upcoming quarterly results, scheduled for February 20, to assess the accuracy of Jefferies’ projections and the actual performance of Grupo Aeroportuario del Pacifico (NYSE:PAC) and its peers within the industry. With a market capitalization of $9.8 billion and a P/E ratio of 23, detailed analysis of PAC’s valuation and growth prospects is available through InvestingPro’s comprehensive research reports, which provide expert insights for over 1,400 US-listed companies. The upgrade was influenced by the anticipated fourth-quarter 2024 earnings, which are expected to reveal traffic recoveries across most geographies, with Grupo Aeroportuario del Pacifico and OMA outperforming expectations.

Demichelis highlighted the contrast with Asur’s Cancun airport, which has seen consistent year-over-year traffic declines. However, the analyst anticipates that investor focus will soon shift to potential traffic improvements in Mexico and Argentina in the near term. This outlook is based on the strong traffic trends observed, prompting the upgrade of Grupo Aeroportuario del Pacifico’s stock status.

Investors and market watchers will likely keep a close eye on the upcoming quarterly results, scheduled for February 20, to assess the accuracy of Jefferies’ projections and the actual performance of Grupo Aeroportuario del Pacifico and its peers within the industry. With a market capitalization of $9.8 billion and a P/E ratio of 23, detailed analysis of PAC’s valuation and growth prospects is available through InvestingPro’s comprehensive research reports, which provide expert insights for over 1,400 US-listed companies. This strategic assessment of the various players in the Latin American airport sector suggests a differentiated approach to each entity based on their individual performance and potential for traffic growth.

Grupo Aeroportuario del Pacifico operates a series of important airports in Mexico and has a presence in Jamaica. The company’s stock rating upgrade and price target increase by Jefferies signal a notable change in expectations for the company’s near-term prospects. This adjustment aligns with the broader recovery in the aviation sector as it rebounds from the impacts of the global health crisis.

Investors and market watchers will likely keep a close eye on the upcoming quarterly results, scheduled for February 20, to assess the accuracy of Jefferies’ projections and the actual performance of Grupo Aeroportuario del Pacifico and its peers within the industry. With a market capitalization of $9.8 billion and a P/E ratio of 23, detailed analysis of PAC’s valuation and growth prospects is available through InvestingPro’s comprehensive research reports, which provide expert insights for over 1,400 US-listed companies.

In other recent news, Grupo Aeroportuario del Pacifico faced a downgrade from Barclays (LON:BARC), which lowered its stock rating from Overweight to Equalweight and slightly reduced the price target from Peso 414.00 to Peso 412.00. This comes after the company’s strong performance, achieving a 28% annual return in 2024. Barclays’ downgrade reflects a cautious stance in the current high-risk environment, seeing limited upside potential for the stock despite the company’s successful negotiation of a Master Development Plan.

On the other hand, BofA Securities maintained a Buy rating on Grupo Aeroportuario del Pacifico’s stock, increasing the price target to Peso 439.20 from Peso 403.00. The firm expects a significant 30% EBITDA growth for the company in 2025, supported by a forecasted recovery in total traffic and an approved 26% increase in the Mexican weighted average tariff. This optimistic view is also backed by the expected resolution of airline capacity constraints affecting Volaris, which holds significant exposure to Grupo Aeroportuario.

These are recent developments, giving investors a glimpse into the differing analyst perspectives on Grupo Aeroportuario del Pacifico’s performance and future potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.