Wall Street Zen Upgrades Grupo Aeroportuario del Pacífico (NYSE:PAC) to Buy

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

A number of other brokerages have also recently weighed in on PAC. Scotiabank raised Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, 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 report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

NYSE PAC traded up $5.47 during trading on Thursday, reaching $232.67. The company's stock had a trading volume of 71,927 shares, compared to its average volume of 73,519. 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 firm has a fifty day moving average of $199.67 and a 200 day moving average of $191.66. The stock has a market capitalization of $11.76 billion, a PE ratio of 23.13, a P/E/G ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico has a one year low of $146.62 and a one year high of $233.62.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last posted 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 company had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. Analysts expect that Grupo Aeroportuario del Pacífico 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 paid a $4.3222 dividend. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's payout ratio is 40.78%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of large investors have recently bought and sold shares of the stock. Deutsche Bank AG grew its position in shares of Grupo Aeroportuario del Pacífico by 82.0% in the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock worth $132,732,000 after buying an additional 341,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock worth $184,870,000 after buying an additional 190,955 shares during the last quarter. Nuveen LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $16,136,000. Finally, Carnegie Investment Counsel bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $13,756,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.