Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at UBS Group

UBS Group upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a neutral rating to a buy rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports.

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

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $187.62 on Tuesday. The business’s 50-day simple moving average is $177.40 and its 200 day simple moving average is $171.17. 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 stock has a market cap of $9.48 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.64 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 12-month low of $139.64 and a 12-month high of $197.31.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $3.7626 dividend. The ex-dividend date is Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 8.02%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Large investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after buying an additional 89 shares in the last quarter. Signaturefd LLC boosted its stake in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares during the period. Blue Trust Inc. increased its holdings in Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock worth $46,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in shares of Grupo Aeroportuario del Pacífico during the third quarter worth about $218,000. 11.73% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Pacífico

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.