Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded by JPMorgan Chase & Co. to Neutral Rating

JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from an underweight rating to a neutral rating in a report published on Friday morning, MarketBeat Ratings reports.

A number of other brokerages have also commented on PAC. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE PAC traded up $2.69 during mid-day trading on Friday, hitting $227.78. 32,172 shares of the stock were exchanged, compared to its average volume of 73,420. Grupo Aeroportuario del Pacífico has a twelve month low of $146.62 and a twelve month high of $234.21. The stock's fifty day simple moving average is $201.18 and its two-hundred day simple moving average is $192.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $11.51 billion, a P/E ratio of 22.64, a PEG ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The business had revenue of $541.03 million for the quarter, compared to analyst estimates of $554.93 million. As a group, analysts forecast that Grupo Aeroportuario del Pacífico will post 10 EPS for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th will be given a dividend of $4.3222 per share. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date is Tuesday, May 27th. This represents a dividend yield of 3.4%. Grupo Aeroportuario del Pacífico's payout ratio is presently 40.78%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAC. Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Pacífico in the first quarter valued at about $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $16,136,000. Goldman Sachs Group Inc. increased its stake in Grupo Aeroportuario del Pacífico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock valued at $7,416,000 after purchasing an additional 15,862 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at $209,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at $7,010,000. 11.73% of the stock is currently owned by institutional investors.

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.