Grupo Aeroportuario del Pacífico (NYSE:PAC) Sets New 1-Year High - Should You Buy?

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 Monday . The stock traded as high as $236.76 and last traded at $230.89, with a volume of 32940 shares changing hands. The stock had previously closed at $229.73.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAC. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Wall Street Zen raised Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Scotiabank raised Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price objective for the stock 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 report on Friday, May 23rd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico currently has an average rating of "Moderate Buy" and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 1.3%

The company has a 50 day moving average of $206.10 and a 200 day moving average of $194.35. The firm has a market cap of $11.88 billion, a P/E ratio of 23.37, a PEG 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.

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). The business had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. Analysts predict 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 business also recently declared 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. 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in Grupo Aeroportuario del Pacífico by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company's stock valued at $204,421,000 after purchasing an additional 45,479 shares during the last quarter. Deutsche Bank AG grew its stake in Grupo Aeroportuario del Pacífico by 7.2% in the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock valued at $150,821,000 after buying an additional 54,495 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Grupo Aeroportuario del Pacífico by 4.1% in the 4th quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company's stock worth $116,455,000 after acquiring an additional 25,918 shares during the period. Nuveen LLC acquired a new position in Grupo Aeroportuario del Pacífico during the 1st quarter worth $35,349,000. Finally, Itau Unibanco Holding S.A. grew its position in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock valued at $30,495,000 after purchasing an additional 41,266 shares during the last quarter. 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.