Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat.com reports.

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

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC opened at $187.62 on Tuesday. The stock’s 50-day simple moving average is $177.40 and its 200 day simple moving average is $171.17. 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 company has a market cap of $9.48 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.64 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $3.7626 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.02%. Grupo Aeroportuario del Pacífico’s payout ratio is currently 19.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after buying an additional 89 shares in the last quarter. Signaturefd LLC raised its stake in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. boosted its holdings in Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 176 shares during the period. US Bancorp DE grew its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after purchasing an additional 88 shares in the last quarter. Finally, Cozad Asset Management Inc. bought a new position in shares of Grupo Aeroportuario del Pacífico during the third quarter worth approximately $218,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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.