Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus recommendation of "Hold" for Grupo Aeroportuario Del Pacifico (NYSE:PAC), with one sell, five hold, and two buy ratings among eight firms covering the stock.
• The company's shares are currently priced at $221.94, down 1.6%, with a 52-week range between $163.76 and $259.33.
• Grupo Aeroportuario Del Pacifico recently increased its semi-annual dividend to $4.4656 per share, resulting in a remarkable dividend yield of 350.0%.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $210.00.

A number of research firms have recently weighed in on PAC. Citigroup reissued a "hold" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, September 10th. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, October 8th.

Grupo Aeroportuario Del Pacifico Stock Down 1.6%

Shares of NYSE:PAC opened at $221.94 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. Grupo Aeroportuario Del Pacifico has a 52-week low of $163.76 and a 52-week high of $259.33. The company has a 50 day moving average of $242.59 and a two-hundred day moving average of $226.08. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.13.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued 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). Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The firm had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. As a group, 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 business also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were given a dividend of $4.4656 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. Grupo Aeroportuario Del Pacifico's dividend payout ratio is 81.95%.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently added to or reduced their stakes in PAC. SG Americas Securities LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 40.8% in the first quarter. SG Americas Securities LLC now owns 2,133 shares of the transportation company's stock worth $396,000 after purchasing an additional 618 shares during the period. GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario Del Pacifico in the first quarter worth $70,000. WCM Investment Management LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 24.9% in the first quarter. WCM Investment Management LLC now owns 4,968 shares of the transportation company's stock worth $932,000 after purchasing an additional 991 shares during the period. Novem Group boosted its holdings in Grupo Aeroportuario Del Pacifico by 32.6% in the first quarter. Novem Group now owns 5,997 shares of the transportation company's stock worth $1,113,000 after purchasing an additional 1,475 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 2.2% in the first quarter. Kestra Private Wealth Services LLC now owns 2,973 shares of the transportation company's stock worth $552,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 11.73% of the company's stock.

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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