Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Announces Quarterly Dividend of $3.76 (NYSE:PAC)

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Monday, November 25th will be paid a dividend of 3.7626 per share by the transportation company on Friday, December 6th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.04%. The ex-dividend date is Monday, November 25th.

Grupo Aeroportuario del Pacífico Stock Up 1.1 %

Shares of PAC opened at $187.08 on Friday. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52 week low of $139.64 and a 52 week high of $197.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The business’s fifty day moving average price is $177.04 and its two-hundred day moving average price is $171.12.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.