Analysts Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Target Price at $197.50

Key Points

• Grupo Aeroportuario Del Pacifico has received an average analyst recommendation of "Hold" from seven brokerages, with one sell, four hold, and two buy ratings.
• The company's recent earnings report showed an EPS of $2.70, falling short of the $2.75 consensus estimate, and it reported revenues of $584.36 million.
• Grupo Aeroportuario Del Pacifico has recently increased its semi-annual dividend to $4.4656, up from the previous dividend of $4.32, indicating a strong payout ratio of 81.85%.

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $197.50.

A number of analysts have commented on the company. Wall Street Zen lowered Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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. Finally, Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Grupo Aeroportuario Del Pacifico by 60.2% in the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after acquiring an additional 6,665 shares in the last quarter. Militia Capital Partners LP acquired a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at approximately $631,000. SG Americas Securities LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 40.8% during the 1st quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock valued at $396,000 after purchasing an additional 618 shares during the last quarter. Northern Trust Corp lifted its stake in Grupo Aeroportuario Del Pacifico by 0.7% during the first quarter. Northern Trust Corp now owns 76,048 shares of the transportation company's stock worth $14,108,000 after purchasing an additional 512 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Grupo Aeroportuario Del Pacifico by 7.2% during the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company's stock valued at $150,821,000 after purchasing an additional 54,495 shares during the period. Institutional investors and hedge funds own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Trading Up 1.9%

Shares of PAC stock traded up $4.82 during mid-day trading on Monday, hitting $255.14. The company's stock had a trading volume of 55,673 shares, compared to its average volume of 55,708. The company's fifty day simple moving average is $240.72 and its 200-day simple moving average is $220.92. The company has a market cap of $12.89 billion, a PE ratio of 26.47, a P/E/G ratio of 3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.95 and a current ratio of 0.95. Grupo Aeroportuario Del Pacifico has a 52 week low of $163.76 and a 52 week high of $259.33.

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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $584.36 million during the quarter, compared to the consensus estimate of $10.86 billion. As a group, equities research analysts expect 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 disclosed a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were paid a $4.4656 dividend. This represents a yield of 350.0%. The ex-dividend date of this dividend was Wednesday, August 13th. This is a positive change from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. Grupo Aeroportuario Del Pacifico's dividend payout ratio is currently 81.95%.

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.