Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $195.00.

A number of brokerages have issued reports on PAC. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC opened at $181.12 on Friday. The business has a 50-day simple moving average of $181.02 and a two-hundred day simple moving average of $170.94. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 52 week low of $139.64 and a 52 week high of $200.00. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.66 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a $3.7626 dividend. This represents a $15.05 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 19.18%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Grupo Aeroportuario del Pacífico by 11.0% during the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares in the last quarter. Northcape Capital Pty Ltd increased its position in shares of Grupo Aeroportuario del Pacífico by 1.6% during the third quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company’s stock worth $28,603,000 after acquiring an additional 2,557 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Grupo Aeroportuario del Pacífico by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock valued at $21,515,000 after acquiring an additional 5,481 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at approximately $23,145,000. Finally, 1832 Asset Management L.P. bought a new position in Grupo Aeroportuario del Pacífico in the second quarter worth approximately $13,976,000. 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.