Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC - Free Report) from a hold rating to a buy rating in a report released on Thursday morning.

Several other research firms have also recently commented on PAC. Scotiabank raised Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and boosted their target price for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Bank of America lowered Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

PAC traded down $2.06 during trading on Thursday, hitting $225.95. The company's stock had a trading volume of 56,254 shares, compared to its average volume of 73,454. The firm's 50 day moving average price is $200.47 and its two-hundred day moving average price is $192.10. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 12 month low of $146.62 and a 12 month high of $234.30. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS 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%. Sell-side analysts forecast that Grupo Aeroportuario del Pacífico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

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

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $16,136,000. Goldman Sachs Group Inc. raised 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 buying an additional 15,862 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $209,000. Finally, Canada Pension Plan Investment Board bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $7,010,000. 11.73% of the stock is currently 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.