Grupo Aeroportuario Del Pacifico (NYSE:PAC) Shares Gap Down - Time to Sell?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $227.68, but opened at $221.81. Grupo Aeroportuario Del Pacifico shares last traded at $222.07, with a volume of 7,651 shares changing hands.

Analysts Set New Price Targets

PAC has been the topic of a number of analyst reports. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $200.00.

Grupo Aeroportuario Del Pacifico Trading Down 3.5%

The firm's 50-day moving average is $228.26 and its 200 day moving average is $204.35. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.83 and a beta of 1.09.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released 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). The company had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.64% and a return on equity of 37.67%. On average, equities analysts predict 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 company also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were paid a $4.3222 dividend. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 3.4%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is presently 40.89%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth about $875,000. Signaturefd LLC raised its stake in Grupo Aeroportuario Del Pacifico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. American Century Companies Inc. raised its stake in Grupo Aeroportuario Del Pacifico by 5.4% in the fourth quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company's stock valued at $8,055,000 after purchasing an additional 2,366 shares in the last quarter. LPL Financial LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $470,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario Del Pacifico by 317.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after purchasing an additional 72,798 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

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.