Grupo Aeroportuario Del Pacifico (NYSE:PAC) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC - Free Report) from a buy rating to a hold rating in a research report report published on Friday morning.

A number of other research firms have also recently issued reports on PAC. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Finally, Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Stock Up 1.2%

Shares of NYSE PAC traded up $2.79 during mid-day trading on Friday, reaching $229.99. 139,258 shares of the company traded hands, compared to its average volume of 79,602. The company's fifty day moving average is $220.73 and its two-hundred day moving average is $199.19. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $146.62 and a fifty-two week high of $258.92. The stock has a market cap of $11.62 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.12. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.68 and a current ratio of 1.68.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced 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). Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. The firm had revenue of $541.03 million for the quarter, compared to analyst estimates of $554.93 million. On average, analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were issued a $4.3222 dividend. This represents a dividend yield of 3.4%. The ex-dividend date was Tuesday, May 27th. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. Grupo Aeroportuario Del Pacifico's payout ratio is 40.89%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in Grupo Aeroportuario Del Pacifico by 65.8% in the 1st 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 in the last quarter. Militia Capital Partners LP bought a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at $631,000. Jane Street Group LLC bought a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at $730,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at $16,136,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $209,000. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico 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.