Grupo Aeroportuario Del Pacifico (NYSE:PAC) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Grupo Aeroportuario Del Pacifico's stock recently surpassed its 200-day moving average, trading at $229.67, indicative of a positive trend in its market performance.
• Analysts have mixed opinions on the stock, with ratings ranging from "Buy" to "Sell," resulting in an average consensus rating of "Hold" and a price target of $210.00.
• The company has recently increased its semi-annual dividend to $4.4656, which reflects a substantial yield of 350.0% and a payout ratio of 81.95%.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $224.59 and traded as high as $231.08. Grupo Aeroportuario Del Pacifico shares last traded at $229.67, with a volume of 73,090 shares changing hands.

Analysts Set New Price Targets

PAC has been the topic of several research reports. Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research report on Thursday, June 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Saturday, September 27th. Finally, Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $210.00.

Grupo Aeroportuario Del Pacifico Price Performance

The stock's 50 day moving average is $243.65 and its two-hundred day moving average is $224.59. 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 $11.61 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

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 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.05). The company had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. As a group, sell-side 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 declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were paid a $4.4656 dividend. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a yield of 350.0%. The ex-dividend date was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico's payout ratio is currently 81.95%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds have recently added to or reduced their stakes in PAC. Allworth Financial LP increased its stake in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock valued at $35,000 after purchasing an additional 50 shares during the last quarter. CWM LLC increased its stake in 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. increased its stake in Grupo Aeroportuario Del Pacifico by 680.0% in the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock valued at $45,000 after purchasing an additional 170 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Grupo Aeroportuario Del Pacifico in the first quarter valued at approximately $54,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $70,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario Del Pacifico

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.