Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 1-Year High - Still a 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 share price hit a new 52-week high during trading 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.

Wall Street Analyst Weigh In

PAC has been the topic of several research analyst reports. Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Hold" and a consensus price target of $200.00.

Grupo Aeroportuario Del Pacifico Stock Up 2.7%

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 business's fifty day moving average price is $228.64 and its 200 day moving average price is $207.53. The firm has a market capitalization of $12.11 billion, a PE ratio of 24.85, a PEG ratio of 2.78 and a beta of 1.14.

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

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be paid a dividend of $4.4656 per share. This represents a yield of 350.0%. The ex-dividend date is Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio is currently 40.25%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently added to or reduced their stakes in PAC. CWM LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the second quarter. CWM LLC now owns 174 shares of the transportation company's stock valued at $40,000 after purchasing an additional 51 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock worth $45,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth $54,000. Parallel Advisors LLC lifted its holdings in shares of Grupo Aeroportuario Del Pacifico 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 in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth $70,000. 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.

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