Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $241.50 and last traded at $240.19, with a volume of 23509 shares. The stock had previously closed at $236.25.
Wall Street Analyst Weigh In
Several brokerages have weighed in on PAC. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price target for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. Wall Street Zen upgraded shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Scotiabank upgraded Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a "neutral" rating to an "underperform" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $200.00.
Read Our Latest Stock Analysis on Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico Stock Performance
The firm's 50 day simple moving average is $211.07 and its 200 day simple moving average is $196.10. The firm has a market cap of $11.77 billion, a PE ratio of 23.15, a PEG ratio of 1.28 and a beta of 1.12. 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 (NYSE:PAC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. On average, research analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.
Grupo Aeroportuario del Pacífico Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were issued a dividend of $4.3222 per share. This represents a dividend yield of 3.4%. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date of this dividend was Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio is 40.89%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PAC. Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Aeroportuario del Pacífico by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock valued at $144,000 after purchasing an additional 237 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico during the 4th quarter valued at about $150,000. Kestra Private Wealth Services LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 7.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company's stock valued at $509,000 after buying an additional 194 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after acquiring an additional 53 shares during the last quarter. Finally, Sage Investment Counsel LLC purchased a new position in Grupo Aeroportuario del Pacífico in the fourth quarter worth about $479,000. 11.73% of the stock is owned by hedge funds and other institutional investors.
About Grupo Aeroportuario del Pacífico
(
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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.
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