Grupo Aeroportuario del Pacifico Boosts Traffic 14%, Mainly due to Low-Cost Carrier Growth
Wide-moat Grupo Aeroportuario del PacÃfico, or GAP, reported second-quarter 2017 results boasting increasing passenger traffic, particularly from route and seat additions from low-cost carriers Volaris, VivaAerobus, and Interjet. Following earnings, we are maintaining our $119 fair value estimate. Weighing the company’s well-diversified revenue streams from both domestic and tourist traffic as well as its wide economic moat, we view the stock as fairly valued via our discounted cash flow methodo...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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