Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Average Rating of “Moderate Buy” by Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $195.00.

PAC has been the topic of several recent research reports. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price 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 research report on Wednesday, August 28th. The Goldman Sachs Group boosted 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. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th.

Institutional Trading of Grupo Aeroportuario del Pacífico

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

Grupo Aeroportuario del Pacífico Stock Up 0.3 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $181.12 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.66 and a beta of 1.47. The firm’s 50-day moving average is $181.02 and its two-hundred day moving average is $170.94. Grupo Aeroportuario del Pacífico has a 1 year low of $139.64 and a 1 year high of $200.00.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $3.7626 dividend. This represents a $15.05 annualized dividend and a yield of 8.31%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is presently 19.18%.

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.