Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives $200.00 Average PT from Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $200.00.

PAC has been the topic of a number of recent research reports. Bank of America downgraded Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Pacífico from an "underweight" rating to a "neutral" rating in a report on Friday. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grupo Aeroportuario del Pacífico during the first quarter worth $54,000. Signaturefd LLC increased its position in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares in the last quarter. Fifth Third Bancorp raised its stake in Grupo Aeroportuario del Pacífico by 327.4% in the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after buying an additional 275 shares during the last quarter. Parallel Advisors LLC raised its stake in Grupo Aeroportuario del Pacífico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after buying an additional 59 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in Grupo Aeroportuario del Pacífico in the first quarter worth about $70,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario del Pacífico Trading Up 2.4%

PAC traded up $5.47 on Tuesday, reaching $232.67. 71,927 shares of the company traded hands, compared to its average volume of 73,519. The company has a market cap of $11.76 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. 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 one year low of $146.62 and a one year high of $233.62. The firm has a fifty day simple moving average of $199.67 and a two-hundred day simple moving average of $191.72.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last posted its quarterly earnings results 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). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. As a group, equities research analysts expect that Grupo Aeroportuario del Pacífico will post 10 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th will be issued a $4.3222 dividend. This is a boost from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's dividend payout ratio (DPR) is currently 40.78%.

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.