Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $199.00 and last traded at $199.00, with a volume of 240 shares. The stock had previously closed at $197.86.
Wall Street Analyst Weigh In
Several research firms have commented on PAC. The Goldman Sachs Group boosted their price target 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. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th. 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. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a report on Wednesday, August 28th. Finally, Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $195.00.
Check Out Our Latest Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Stock Performance
The company has a market cap of $9.70 billion, a PE ratio of 19.04, a P/E/G ratio of 1.63 and a beta of 1.47. 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 stock's 50-day simple moving average is $178.15 and its 200 day simple moving average is $171.02.
Grupo Aeroportuario del Pacífico Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 7.84%. Grupo Aeroportuario del Pacífico's payout ratio is currently 19.18%.
Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico
A number of large investors have recently made changes to their positions in PAC. Itau Unibanco Holding S.A. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the 3rd quarter valued at about $23,145,000. 1832 Asset Management L.P. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $13,976,000. National Bank of Canada FI increased its holdings in shares of Grupo Aeroportuario del Pacífico by 7,927.9% in the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company's stock valued at $8,521,000 after purchasing an additional 48,360 shares in the last quarter. State Street Corp increased its holdings in shares of Grupo Aeroportuario del Pacífico by 11.0% in the 3rd 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. Finally, FMR LLC increased its holdings in shares of Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company's stock valued at $3,370,000 after purchasing an additional 18,121 shares in the last quarter. Hedge funds and other institutional investors own 11.73% of the company's stock.
Grupo Aeroportuario del Pacífico Company Profile
(
Get Free Report)
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.
See Also
Before you consider Grupo Aeroportuario del Pacífico, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Aeroportuario del Pacífico wasn't on the list.
While Grupo Aeroportuario del Pacífico currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
