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

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to 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 several analyst reports. 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. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a research note on Friday, May 23rd.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in Grupo Aeroportuario Del Pacifico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company's stock valued at $65,000 after purchasing an additional 59 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake 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 valued at $552,000 after purchasing an additional 65 shares in the last quarter. Signaturefd LLC increased its stake in Grupo Aeroportuario Del Pacifico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after purchasing an additional 81 shares in the last quarter. US Bancorp DE increased its stake in Grupo Aeroportuario Del Pacifico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after purchasing an additional 99 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Grupo Aeroportuario Del Pacifico by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock valued at $458,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 11.73% of the company's stock.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC opened at $228.77 on Wednesday. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.34 and a beta of 1.09. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $225.27 and a 200 day simple moving average of $201.39. Grupo Aeroportuario Del Pacifico has a one year low of $146.62 and a one year high of $241.62.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). The company had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.64% and a return on equity of 37.67%. Research analysts predict that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, May 27th. This is an increase from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. Grupo Aeroportuario Del Pacifico's dividend payout ratio (DPR) is currently 40.89%.

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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