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

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $195.00.

PAC has been the topic of a number of recent analyst reports. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in Grupo Aeroportuario del Pacífico by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 36,486 shares of the transportation company’s stock worth $5,683,000 after purchasing an additional 2,198 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock worth $21,515,000 after buying an additional 5,481 shares during the period. Sei Investments Co. grew its holdings in shares of Grupo Aeroportuario del Pacífico by 7.4% during the second quarter. Sei Investments Co. now owns 13,373 shares of the transportation company’s stock worth $2,083,000 after buying an additional 927 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at approximately $13,976,000. Finally, Marshall Wace LLP lifted its stake in Grupo Aeroportuario del Pacífico by 9.7% in the 2nd quarter. Marshall Wace LLP now owns 15,787 shares of the transportation company’s stock valued at $2,459,000 after acquiring an additional 1,391 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE:PAC opened at $190.18 on Wednesday. The firm’s 50 day simple moving average is $183.77 and its 200 day simple moving average is $173.30. Grupo Aeroportuario del Pacífico has a fifty-two week low of $139.64 and a fifty-two week high of $200.00. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $3.7626 dividend. This represents a $15.05 annualized dividend and a dividend yield of 7.91%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 19.18%.

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.