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

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 been given an average recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $200.00.

PAC has been the subject of a number of research reports. 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. Bank of America cut shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Saturday.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock traded up $3.80 on Friday, hitting $232.68. The stock had a trading volume of 121,529 shares, compared to its average volume of 85,630. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.78 and a beta of 1.14. 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 company's 50 day moving average price is $228.48 and its 200 day moving average price is $207.35. Grupo Aeroportuario Del Pacifico has a 52-week low of $148.87 and a 52-week high of $241.62.

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

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be paid a dividend of $4.4656 per share. This represents a yield of 350.0%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is 40.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAC. Deutsche Bank AG increased its position in shares of Grupo Aeroportuario Del Pacifico by 82.0% in the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after acquiring an additional 341,661 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Grupo Aeroportuario Del Pacifico by 22.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company's stock valued at $184,870,000 after acquiring an additional 190,955 shares during the period. Nuveen LLC bought a new position in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $35,349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth about $16,136,000. Finally, Carnegie Investment Counsel bought a new position in shares of Grupo Aeroportuario Del Pacifico in the first quarter worth approximately $13,756,000. 11.73% of the stock is currently owned by 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.