Grupo Aeroportuario del Pacífico (NYSE:PAC) Reaches New 12-Month High - Here's Why

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report)'s stock price reached a new 52-week high 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 Ratings Changes

PAC has been the topic of several analyst reports. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Wall Street Zen raised shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their price objective for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Down 1.4%

The company has a market capitalization of $11.35 billion, a PE ratio of 22.35, a P/E/G ratio of 1.28 and a beta of 1.10. 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's 50-day moving average is $200.47 and its 200 day moving average is $192.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS 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 firm had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. As a group, analysts anticipate 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 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 $4.3222 dividend. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date is Tuesday, May 27th. This represents a yield of 3.4%. Grupo Aeroportuario del Pacífico's payout ratio is 40.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company's stock valued at $376,000 after buying an additional 448 shares during the period. Fifth Third Bancorp lifted its holdings in 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 acquiring an additional 275 shares during the period. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 102.6% in the fourth quarter. Blue Trust Inc. now owns 790 shares of the transportation company's stock worth $137,000 after purchasing an additional 400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 buying an additional 237 shares during the period. Finally, Financial Advocates Investment Management increased its stake in shares of Grupo Aeroportuario del Pacífico by 3.7% in the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock worth $435,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

About Grupo Aeroportuario del Pacífico

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.