Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives $195.00 Average PT from Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $195.00.

Several equities analysts have weighed in on PAC shares. Scotiabank cut Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 26th.

Grupo Aeroportuario del Pacífico Price Performance

Shares of Grupo Aeroportuario del Pacífico stock traded up $2.58 during trading on Wednesday, reaching $193.43. 44,209 shares of the stock traded hands, compared to its average volume of 40,968. Grupo Aeroportuario del Pacífico has a 52-week low of $139.64 and a 52-week 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. The business has a fifty day simple moving average of $184.13 and a two-hundred day simple moving average of $173.54. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 7.78%. Grupo Aeroportuario del Pacífico's payout ratio is 19.18%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently made changes to their positions in the business. Albert D Mason Inc. boosted its stake in Grupo Aeroportuario del Pacífico by 0.5% in the 3rd quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company's stock worth $2,200,000 after purchasing an additional 63 shares in the last quarter. Signaturefd LLC raised its stake in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company's stock worth $44,000 after acquiring an additional 64 shares during the last quarter. US Bancorp DE raised its stake in Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company's stock worth $78,000 after acquiring an additional 88 shares during the last quarter. Van ECK Associates Corp lifted its position 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 worth $38,000 after acquiring an additional 89 shares during the period. Finally, Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 37.3% during the 3rd quarter. Blue Trust Inc. now owns 390 shares of the transportation company's stock valued at $68,000 after purchasing an additional 106 shares during 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.