Grupo Aeroportuario del Pacífico (NYSE:PAC) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports.

Separately, Bank of America raised Grupo Aeroportuario del Pacífico from a neutral rating to a buy rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of Buy and an average price target of $205.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of Grupo Aeroportuario del Pacífico stock opened at $177.68 on Wednesday. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 1-year low of $107.25 and a 1-year high of $197.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.56. The firm has a fifty day simple moving average of $160.21 and a 200-day simple moving average of $164.17.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The business had revenue of $421.54 million for the quarter. On average, sell-side analysts expect that Grupo Aeroportuario del Pacífico will post 9.81 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were given a $3.8657 dividend. This represents a yield of 4.7%. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date was Monday, July 22nd. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 33.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. acquired a new stake in Grupo Aeroportuario del Pacífico during the 1st quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 112.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 276 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 146 shares during the period. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 163.0% in the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 176 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Grupo Aeroportuario del Pacífico during the first quarter worth about $119,000. Finally, SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Pacífico during the second quarter worth about $242,000. 11.73% of the stock is currently 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.