Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $200.00.

Several analysts have recently commented on PAC shares. 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. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, Bank of America cut shares of Grupo Aeroportuario del Pacífico from a "neutral" rating to an "underperform" rating in a research note on Thursday.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Grupo Aeroportuario del Pacífico by 60.2% during the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after acquiring an additional 6,665 shares in the last quarter. Northern Trust Corp increased its holdings in Grupo Aeroportuario del Pacífico by 1,688.3% during the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock valued at $13,218,000 after acquiring an additional 71,312 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Grupo Aeroportuario del Pacífico by 7.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company's stock valued at $509,000 after acquiring an additional 194 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aeroportuario del Pacífico by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company's stock valued at $144,000 after acquiring an additional 237 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC traded down $3.24 during trading hours on Friday, reaching $230.27. 138,467 shares of the company's stock were exchanged, compared to its average volume of 75,908. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.28 and a beta of 1.12. The company has a 50-day moving average of $213.29 and a 200 day moving average of $196.82. 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 1-year low of $146.62 and a 1-year high of $241.62.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued 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 analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. Research analysts anticipate that Grupo Aeroportuario del Pacífico will post 10 EPS for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a dividend of $4.3222 per share. This is an increase from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. This represents a yield of 3.4%. The ex-dividend date was Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is 40.89%.

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.