Wall Street Zen Downgrades Grupo Aeroportuario Del Pacifico (NYSE:PAC) to Hold

Key Points

• Grupo Aeroportuario Del Pacifico has been downgraded from a "buy" to a "hold" rating by Wall Street Zen amidst varied ratings from other analysts, with the consensus target price set at $200.00.
• The company reported earnings per share of $2.70 for the last quarter, falling short of the expected $2.75, and revenues totaled $584.36 million.
• Institutional investors have shown increased interest in the company, with CWM LLC raising its stake by 41.5% and several others acquiring new positions or increasing their holdings.

Wall Street Zen cut shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC - Free Report) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms have also recently issued reports on PAC. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Bank of America lowered shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Finally, Scotiabank upgraded shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has a consensus rating of "Hold" and an average target price of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

Grupo Aeroportuario Del Pacifico stock traded up $3.80 during midday trading on Friday, reaching $232.68. The company had a trading volume of 121,529 shares, compared to its average volume of 91,233. The company has a market capitalization of $11.76 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.77 and a beta of 1.14. Grupo Aeroportuario Del Pacifico has a 12-month low of $148.87 and a 12-month high of $241.62. The firm's fifty day simple moving average is $228.48 and its 200-day simple moving average is $207.35. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.95 and a quick ratio of 0.95.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05). Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. The firm had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. As a group, equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $4.4656 per share. This represents a dividend yield of 350.0%. This is an increase 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 (DPR) is presently 40.25%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently added to or reduced their stakes in PAC. CWM LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company's stock worth $40,000 after buying an additional 51 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock valued at $45,000 after buying an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $54,000. Parallel Advisors LLC boosted its position 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 valued at $65,000 after purchasing an additional 59 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter valued at $70,000. 11.73% of the stock is owned by institutional investors and hedge funds.

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.