Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $195.00.

Several equities analysts have commented on PAC shares. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC opened at $188.00 on Wednesday. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. The company’s fifty day moving average is $185.30 and its 200-day moving average is $174.75. 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 12 month low of $139.64 and a 12 month high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.01%. Grupo Aeroportuario del Pacífico’s payout ratio is presently 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAC. State Street Corp increased its position in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after buying an additional 37,005 shares during the period. Metis Global Partners LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock valued at $3,749,000 after purchasing an additional 7,553 shares during the period. FMR LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock valued at $3,370,000 after purchasing an additional 18,121 shares during the period. 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth $13,976,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Grupo Aeroportuario del Pacífico by 16.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock worth $3,690,000 after purchasing an additional 3,032 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.