Analysts Set Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Price Target at $195.00

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $195.00.

Several analysts have issued reports on the stock. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $182.22 on Tuesday. Grupo Aeroportuario del Pacífico has a 12-month low of $139.64 and a 12-month high of $197.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average price of $177.46 and a 200-day moving average price of $170.92. The firm has a market capitalization of $9.21 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $3.7626 dividend. This represents a $15.05 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is 19.18%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after acquiring an additional 89 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 64 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% during the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 176 shares in the last quarter. US Bancorp DE increased its holdings in Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after buying an additional 88 shares during the period. Finally, Cozad Asset Management Inc. bought a new position in Grupo Aeroportuario del Pacífico in the third quarter worth approximately $218,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

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.