Grupo Aeroportuario del Pacífico (NYSE:PAC) Sets New 12-Month High - What's Next?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $236.76 and last traded at $230.89, with a volume of 32940 shares traded. The stock had previously closed at $229.73.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PAC. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and boosted their price target for the company from $140.00 to $210.00 in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised 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. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Scotiabank upgraded Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Four equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The company has a fifty day moving average of $207.10 and a 200 day moving average of $194.68. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market cap of $12.08 billion, a P/E ratio of 23.76, a PEG ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). The firm had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, equities analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be paid a $4.3222 dividend. The ex-dividend date is Tuesday, May 27th. 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. Grupo Aeroportuario del Pacífico's payout ratio is currently 40.89%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Militia Capital Partners LP bought a new position in shares of Grupo Aeroportuario del Pacífico in the first quarter valued at $631,000. Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter worth $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter worth $16,136,000. Goldman Sachs Group Inc. raised its holdings in Grupo Aeroportuario del Pacífico by 65.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock worth $7,416,000 after buying an additional 15,862 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter valued at approximately $209,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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.