Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives $200.00 Average PT from Brokerages

Key Points

• Grupo Aeroportuario Del Pacifico has received a consensus rating of "Moderate Buy" from eight brokerages, with an average 12-month price target of $200.00.
• The company recently declared a semi-annual dividend of $4.3222, representing a significant increase from the previous dividend of $3.87 and resulting in a dividend yield of 340.0%.
• In the latest earnings report, Grupo Aeroportuario Del Pacifico missed estimates with earnings per share of $2.70 compared to the expected $2.75, and reported revenue of $584.36 million.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $200.00.

PAC has been the subject of several analyst reports. Bank of America downgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAC. CWM LLC boosted its position in Grupo Aeroportuario Del Pacifico by 41.5% during the 2nd quarter. CWM LLC now owns 174 shares of the transportation company's stock worth $40,000 after acquiring an additional 51 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the second quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company's stock worth $45,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter valued at approximately $54,000. Parallel Advisors LLC lifted its position in Grupo Aeroportuario Del Pacifico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock worth $65,000 after buying an additional 59 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $70,000. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC traded up $1.64 during midday trading on Friday, hitting $241.45. The stock had a trading volume of 29,574 shares, compared to its average volume of 90,554. Grupo Aeroportuario Del Pacifico has a 1 year low of $149.05 and a 1 year high of $242.78. The company has a market capitalization of $12.20 billion, a PE ratio of 25.04, a P/E/G ratio of 2.83 and a beta of 1.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. The stock has a 50 day simple moving average of $228.87 and a 200-day simple moving average of $207.75.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million for the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a return on equity of 39.81% and a net margin of 24.28%. On average, sell-side analysts expect that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be issued a $4.4656 dividend. The ex-dividend date is Wednesday, August 13th. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico's payout ratio is 81.74%.

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.