Grupo Aeroportuario Pacifico, MX01GA000004

Grupo Aeroportuario Pacifico stock gets HSBC upgrade with target above USD 277

Published on 10/06/2026 at 17:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC upgraded Grupo Aeroportuario Pacifico to Buy with a USD 277 target on October 5, 2026. Second-quarter revenue missed estimates by USD 86.43 million.

Grupo Aeroportuario Pacifico, MX01GA000004, Illustration mit AI erstellt.

Grupo Aeroportuario Pacifico (ISIN MX01GA000004) was trading at USD 209.81 on the NYSE on October 6, 2026 at 11:24 a.m. ET, with a daily change of -0.09 percent. The immediate catalyst is HSBC's upgrade from Hold to Buy and a USD 277 price target, reported by Investing.com on October 5, 2026.

HSBC sees recovery potential

The HSBC call arrives after passenger traffic returned to growth at Grupo Aeroportuario Pacifico. Traffic increased 1.2 percent year over year in July and 0.5 percent in August, while first-half traffic had declined 5.6 percent, according to Investing.com.

Cross Border Xpress recorded traffic growth of 11.1 percent year over year in July and August combined. HSBC expects the facility to contribute 8 percent of consolidated revenue and EBITDA in the second half of 2026, the same report said.

Quarterly miss sets the hurdle

The recovery case faces a clear earnings test. Grupo Aeroportuario Pacifico reported second-quarter 2026 adjusted earnings of USD 2.79 per share versus a USD 3.12 consensus, while revenue reached USD 648.73 million against USD 735.16 million expected, according to Investing.com. The revenue shortfall was USD 86.43 million, making traffic conversion and non-aeronautical revenue central to the next report.

Despite the traffic decline, EBITDA increased 8.4 percent in the second quarter, supported by non-aeronautical revenue and the full consolidation of Cross Border Xpress, Investing.com reported. That combination gives the upgrade a specific operating rationale, but the earnings miss leaves execution as the key counter-factor.

Consensus target stays above the quote

MarketBeat reported a Moderate Buy consensus from nine analysts, with five Buy ratings and four Hold ratings. The average target was USD 259, which lies 23.5 percent above the USD 209.81 price, while the same report listed HSBC's USD 277 objective.

MarketBeat also identified a twelve-month range of USD 193.11 to USD 300.41 and described Grupo Aeroportuario Pacifico as a Mexican airport operator with long-term concessions. The company operates airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta and Los Cabos.

Next report comes in October

Investing.com lists October 26, 2026 as the next earnings date. The upcoming release will show whether the July and August traffic improvement can offset the second-quarter revenue gap.

Stock trades below yearly high

Grupo Aeroportuario Pacifico was last trading at USD 209.81 on the NYSE on October 6, 2026 at 11:24 a.m. ET. Its market capitalization was USD 10.9 billion, and the 52-week range stood at USD 193.11 to USD 300.41.