Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 52-Week High - Should You Buy?

Key Points

• Grupo Aeroportuario Del Pacifico's stock price reached a new 52-week high at $251.94 during trading, with a recent trading volume of 51,758 shares.
• The company reported quarterly earnings of $2.70 per share, which missed analysts' expectations, and had a net margin of 24.28%.
• A semi-annual dividend of $4.4656 has been announced, representing a yield of 350.0%, reflecting a positive change from the previous dividend amount.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $251.94 and last traded at $251.58, with a volume of 51758 shares traded. The stock had previously closed at $249.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PAC shares. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Finally, Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of "Moderate Buy" and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.1%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $12.49 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 3.05 and a beta of 1.14. The company has a 50-day moving average of $232.12 and a two-hundred day moving average of $212.81.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The firm had revenue of $584.36 million for the quarter, compared to the consensus estimate of $10.86 billion. On average, research analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be issued a $4.4656 dividend. This represents a yield of 350.0%. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend is Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 81.95%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Grupo Aeroportuario Del Pacifico by 60.2% in the fourth quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock worth $3,104,000 after acquiring an additional 6,665 shares in the last quarter. Northern Trust Corp boosted its holdings in Grupo Aeroportuario Del Pacifico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after acquiring an additional 71,312 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Grupo Aeroportuario Del Pacifico by 8,020.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after acquiring an additional 401 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 40.8% in the first quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock worth $396,000 after acquiring an additional 618 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter worth $875,000. 11.73% of the stock is owned by institutional investors.

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.