Grupo Aeroportuario del Pacífico (NYSE:PAC) Hits New 52-Week High - Time to Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $234.21 and last traded at $227.92, with a volume of 49116 shares trading hands. The stock had previously closed at $228.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. 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 shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Four research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The stock's 50-day moving average price is $203.57 and its 200-day moving average price is $193.41. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $11.64 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $554.93 million. As a group, equities analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be issued a $4.3222 dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 27th. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is 40.78%.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of large investors have recently modified their holdings of PAC. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth about $54,000. Signaturefd LLC increased its stake in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares during the period. Fifth Third Bancorp increased its stake in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after buying an additional 275 shares during the period. Parallel Advisors LLC increased its stake in Grupo Aeroportuario del Pacífico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after buying an additional 59 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 11.73% of the company's stock.

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.