Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $195.00.
A number of research firms have recently commented on PAC. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a report on Wednesday, August 28th. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a "buy" rating in a report on Friday, August 30th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research report on Wednesday, August 28th.
Check Out Our Latest Stock Report on Grupo Aeroportuario del Pacífico
Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico
Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. acquired a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $32,000. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company's stock worth $46,000 after buying an additional 176 shares during the last quarter. Mather Group LLC. acquired a new position in Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $119,000. SG Americas Securities LLC purchased a new stake in Grupo Aeroportuario del Pacífico in the second quarter valued at about $242,000. Finally, Sanders Morris Harris LLC purchased a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at about $261,000. Institutional investors own 11.73% of the company's stock.
Grupo Aeroportuario del Pacífico Trading Down 2.1 %
Grupo Aeroportuario del Pacífico stock traded down $3.67 during midday trading on Monday, reaching $174.02. The stock had a trading volume of 240,868 shares, compared to its average volume of 56,579. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.70 and a beta of 1.47. Grupo Aeroportuario del Pacífico has a 52-week low of $107.25 and a 52-week high of $197.31. The company has a fifty day moving average of $167.08 and a 200 day moving average of $168.26.
Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.01 by ($0.46). The business had revenue of $421.54 million for the quarter. Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. On average, analysts anticipate that Grupo Aeroportuario del Pacífico will post 9.88 earnings per share for the current fiscal year.
Grupo Aeroportuario del Pacífico Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were issued a dividend of $3.8657 per share. The ex-dividend date was Monday, July 22nd. This represents a yield of 4.7%. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $2.09. Grupo Aeroportuario del Pacífico's dividend payout ratio is currently 33.84%.
About Grupo Aeroportuario del Pacífico
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Get Free ReportGrupo 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.
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