Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Plans Quarterly Dividend of $3.76 (NYSE:PAC)

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Monday, November 25th will be given a dividend of 3.7626 per share by the transportation company on Friday, December 6th. This represents a $15.05 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Monday, November 25th.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $182.14 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market cap of $9.20 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.55 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a fifty-two week low of $129.76 and a fifty-two week high of $197.31. The firm’s 50 day moving average is $175.25 and its two-hundred day moving average is $171.14.

Analyst Ratings Changes

A number of research firms have weighed in on PAC. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group increased their price objective on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Company Profile

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.