Grupo Aeroportuario del Pacífico (NYSE:PAC) Raised to Buy at UBS Group

UBS Group upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a neutral rating to a buy rating in a report published on Tuesday, MarketBeat.com reports.

PAC has been the topic of a number of other reports. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Scotiabank cut shares of 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. The Goldman Sachs Group raised 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, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC traded down $1.80 during trading hours on Tuesday, reaching $183.45. The stock had a trading volume of 334,718 shares, compared to its average volume of 61,346. The stock has a market capitalization of $9.27 billion, a PE ratio of 18.18, a PEG ratio of 1.65 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 50 day moving average price of $177.20 and a two-hundred day moving average price of $170.98. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 8.20%. Grupo Aeroportuario del Pacífico's payout ratio is 19.18%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAC. State Street Corp boosted its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company's stock valued at $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Northcape Capital Pty Ltd increased its holdings in shares of Grupo Aeroportuario del Pacífico by 1.6% in the 3rd quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company's stock valued at $28,603,000 after acquiring an additional 2,557 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Grupo Aeroportuario del Pacífico by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company's stock worth $21,515,000 after acquiring an additional 5,481 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter worth $23,145,000. Finally, 1832 Asset Management L.P. bought a new stake in Grupo Aeroportuario del Pacífico during the second quarter valued at about $13,976,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

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.