Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Given Average Rating of "Hold" by Analysts

Key Points

• Grupo Aeroportuario Del Pacifico has received a consensus rating of "Hold" from analysts, with one sell rating, three hold ratings, and three buy ratings.
• The company recently announced an increase in its semi-annual dividend to $4.4656, reflecting a significant yield of 350.0% and a payout ratio of 81.95%.
• Shares opened at $242.88 on Thursday, with a 12-month price range between $163.74 and $256.22, indicating a stable performance in the market.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) has received an average recommendation of "Hold" from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $197.50.

A number of equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Scotiabank raised 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.

Grupo Aeroportuario Del Pacifico Stock Up 1.1%

PAC traded up $2.68 during mid-day trading on Thursday, reaching $243.68. 65,123 shares of the stock were exchanged, compared to its average volume of 68,508. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $12.31 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.11. The company has a 50 day moving average price of $235.04 and a two-hundred day moving average price of $215.17. Grupo Aeroportuario Del Pacifico has a 1 year low of $163.76 and a 1 year high of $256.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data 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). The firm 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%. As a group, research analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were issued a $4.4656 dividend. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is presently 81.95%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds and other institutional investors have recently made changes to their positions in PAC. Deutsche Bank AG boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 82.0% in the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock worth $132,732,000 after buying an additional 341,661 shares during the last quarter. Nuveen LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $35,349,000. American Century Companies Inc. lifted its holdings in Grupo Aeroportuario Del Pacifico by 192.5% during the second quarter. American Century Companies Inc. now owns 143,018 shares of the transportation company's stock valued at $32,840,000 after purchasing an additional 94,115 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $16,136,000. Finally, Carnegie Investment Counsel purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter valued at about $13,756,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.