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 - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $195.00.

A number of brokerages have recently commented on PAC. Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note on Wednesday, August 28th. UBS Group raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on 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. Finally, 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.

Grupo Aeroportuario del Pacífico Stock Up 0.3 %

Shares of PAC traded up $0.56 during midday trading on Friday, hitting $181.12. The stock had a trading volume of 42,276 shares, compared to its average volume of 61,373. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. The company has a 50 day simple moving average of $181.18 and a two-hundred day simple moving average of $171.06. Grupo Aeroportuario del Pacífico has a twelve month low of $139.64 and a twelve month high of $200.00. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $3.7626 per share. This represents a $15.05 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico's dividend payout ratio is currently 19.18%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new stake in Grupo Aeroportuario del Pacífico in the third quarter valued at about $23,145,000. 1832 Asset Management L.P. acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter valued at approximately $13,976,000. National Bank of Canada FI boosted its stake 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 grew its holdings in shares of Grupo Aeroportuario del Pacífico by 11.0% during 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 during the last quarter. Finally, FMR LLC increased its position in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company's stock worth $3,370,000 after purchasing an additional 18,121 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

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.