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

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $200.00.

PAC has been the subject of several recent analyst reports. 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. Barclays restated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $140.00 to $210.00 in a research report on Wednesday.

Grupo Aeroportuario del Pacífico Trading Up 4.2 %

Grupo Aeroportuario del Pacífico stock traded up $8.20 during midday trading on Friday, hitting $203.20. 83,339 shares of the stock were exchanged, compared to its average volume of 76,091. Grupo Aeroportuario del Pacífico has a fifty-two week low of $139.64 and a fifty-two week high of $204.37. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.23 and a beta of 1.47. The stock's 50-day simple moving average is $186.47 and its 200 day simple moving average is $177.48. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently declared 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. This represents a $15.05 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date was Monday, November 25th.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently made changes to their positions in PAC. Van ECK Associates Corp grew its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company's stock valued at $38,000 after purchasing an additional 89 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company's stock valued at $44,000 after purchasing an additional 64 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% in the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after purchasing an additional 275 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Grupo Aeroportuario del Pacífico by 37.3% in the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company's stock valued at $68,000 after purchasing an additional 106 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company's stock valued at $78,000 after purchasing an additional 88 shares in the last quarter. 11.73% of the stock is currently 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.