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

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $200.00.

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

Grupo Aeroportuario Del Pacifico Stock Down 1.1%

PAC traded down $2.68 during trading on Wednesday, reaching $230.07. The stock had a trading volume of 103,118 shares, compared to its average volume of 81,619. The stock's 50 day moving average is $226.82 and its two-hundred day moving average is $202.39. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.34 and a beta of 1.09. 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 posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario Del Pacifico had a return on equity of 37.67% and a net margin of 25.64%. The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. As a group, analysts expect that Grupo Aeroportuario Del Pacifico will post 10 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

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

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its position in shares of Grupo Aeroportuario Del Pacifico by 60.2% during the fourth quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after buying an additional 6,665 shares during the last quarter. Northern Trust Corp boosted its position in Grupo Aeroportuario Del Pacifico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company's stock worth $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Grupo Aeroportuario Del Pacifico by 8,020.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. Atria Investments Inc purchased a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter worth about $204,000. Finally, US Bancorp DE boosted its position 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 worth $96,000 after purchasing an additional 99 shares during the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.