Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Given Consensus 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 been given an average rating of "Hold" by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $200.00.

A number of equities analysts have weighed in on the stock. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen cut Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Scotiabank upgraded Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 48.1% in the 2nd quarter. Allworth Financial LP now owns 154 shares of the transportation company's stock worth $35,000 after buying an additional 50 shares during the last quarter. CWM LLC lifted its holdings 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 acquiring an additional 51 shares during the period. Hantz Financial Services Inc. lifted its holdings 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 acquiring an additional 170 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Grupo Aeroportuario Del Pacifico in the first quarter worth about $54,000. Finally, Parallel Advisors LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock opened at $242.88 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $12.27 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.98 and a beta of 1.14. The business has a fifty day simple moving average of $233.18 and a two-hundred day simple moving average of $213.76. Grupo Aeroportuario Del Pacifico has a 12 month low of $163.74 and a 12 month high of $256.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share 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 business had revenue of $584.36 million during the quarter, compared to analysts' expectations of $10.86 billion. On average, equities analysts forecast that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a $4.4656 dividend. This is a positive change 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 yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is presently 81.95%.

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.

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