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

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been assigned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One 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 given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $195.00.

Several brokerages have weighed in on PAC. Bank of America raised shares of 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 upped 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 note on Friday, August 30th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in Grupo Aeroportuario del Pacífico by 70.8% in the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock valued at $2,400,000 after buying an additional 6,097 shares during the period. Lazard Asset Management LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 141.5% in the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after buying an additional 281,966 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $2,676,000. Marshall Financial Group LLC acquired a new position in Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $867,000. Finally, 1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $13,976,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Up 2.6 %

Shares of PAC opened at $172.74 on Monday. The company has a 50-day simple moving average of $167.89 and a 200-day simple moving average of $168.64. The firm has a market capitalization of $8.73 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.63 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.13 and a current ratio of 1.13. Grupo Aeroportuario del Pacífico has a 52 week low of $107.25 and a 52 week high of $197.31.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings data on Monday, July 22nd. The transportation company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). The company had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. On average, equities research analysts expect that Grupo Aeroportuario del Pacífico will post 9.88 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were given a dividend of $3.8657 per share. This represents a dividend 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 of this dividend was Monday, July 22nd. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 33.84%.

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.