Grupo Aeroportuario Del Pacifico (NYSE:PAC) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC - Free Report) from a hold rating to a buy rating in a research note released on Sunday.

Other equities analysts have also recently issued research reports about the company. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd. Finally, Bank of America lowered Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC traded down $2.62 during mid-day trading on Friday, reaching $226.80. The company had a trading volume of 41,566 shares, compared to its average volume of 82,379. 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 stock has a market cap of $11.46 billion, a PE ratio of 23.90, a P/E/G ratio of 2.83 and a beta of 1.09. The company has a 50-day moving average price of $228.26 and a two-hundred day moving average price of $204.20. Grupo Aeroportuario Del Pacifico has a 1-year low of $146.62 and a 1-year high of $241.62.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. The company had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. On average, equities analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, May 27th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is presently 40.89%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $875,000. Signaturefd LLC grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after acquiring an additional 81 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 5.4% in the 4th quarter. American Century Companies Inc. now owns 46,033 shares of the transportation company's stock valued at $8,055,000 after acquiring an additional 2,366 shares in the last quarter. LPL Financial LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $470,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after acquiring 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.