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

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $200.00.

A number of brokerages have recently commented on PAC. Bank of America cut 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 shares of Grupo Aeroportuario del Pacífico from a "hold" rating to a "buy" rating in a report on Thursday. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a "sector perform" rating to a "sector outperform" rating in a report on Monday. Finally, Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their target price for the company from $140.00 to $210.00 in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAC. Caitong International Asset Management Co. Ltd acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter worth about $54,000. Signaturefd LLC grew its position in Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock worth $58,000 after buying an additional 81 shares during the period. Fifth Third Bancorp grew its position in Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock worth $63,000 after buying an additional 275 shares during the period. Parallel Advisors LLC grew its position in Grupo Aeroportuario del Pacífico by 20.3% during the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after buying an additional 59 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter worth about $70,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Performance

PAC traded down $1.58 on Tuesday, reaching $226.31. The company had a trading volume of 58,337 shares, compared to its average volume of 73,297. Grupo Aeroportuario del Pacífico has a 1 year low of $146.62 and a 1 year high of $230.21. The stock has a market capitalization of $11.44 billion, a PE ratio of 22.50, a P/E/G 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. The stock has a 50-day moving average price of $198.26 and a 200-day moving average price of $190.74.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last announced 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). 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 during the quarter, compared to analysts' expectations of $554.93 million. As a group, research analysts forecast that Grupo Aeroportuario del Pacífico will post 10 EPS for the current fiscal 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 paid a dividend of $4.3222 per share. This represents a dividend yield of 3.4%. This is a positive change from Grupo Aeroportuario del Pacífico's previous semi-annual dividend of $3.87. The ex-dividend date is Tuesday, May 27th. Grupo Aeroportuario del Pacífico's payout ratio is 40.78%.

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.