Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 52-Week High - Time to Buy?

Key Points

• Grupo Aeroportuario Del Pacifico's stock reached a new 52-week high at $242.78, closing recently at $240.76, with trading volume hitting 32,613 shares.
• Research analysts' ratings on the stock vary widely, with consensus being a "Hold" and a price target of $200.00, after recent downgrades from some analysts.
• The company announced a semi-annual dividend increase to $4.4656 per share, reflecting a yield of 350.0%, with dividends set to be paid on August 25th.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $242.78 and last traded at $240.76, with a volume of 32613 shares trading hands. The stock had previously closed at $233.29.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 research note on Thursday, June 12th. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.4%

The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $12.18 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.92 and a beta of 1.14. The firm has a 50-day simple moving average of $229.33 and a 200 day simple moving average of $208.74.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its earnings results on Monday, July 21st. The transportation company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million during the quarter, compared to the consensus estimate of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. On average, equities research analysts forecast 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 disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be given a dividend of $4.4656 per share. This represents a dividend 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 is Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's dividend payout ratio is 40.25%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently made changes to their positions in PAC. Bank of America Corp DE grew its stake in Grupo Aeroportuario Del Pacifico by 60.2% during the fourth quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock worth $3,104,000 after purchasing an additional 6,665 shares during the period. Northern Trust Corp grew its stake in Grupo Aeroportuario Del Pacifico by 1,688.3% during the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after purchasing an additional 71,312 shares during the period. Tower Research Capital LLC TRC grew its stake in Grupo Aeroportuario Del Pacifico by 8,020.0% during the fourth 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 period. SG Americas Securities LLC grew its stake 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 valued at $396,000 after acquiring an additional 618 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $875,000. 11.73% of the stock is currently 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.