Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives $195.00 Consensus PT from Analysts

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $195.00.

PAC has been the topic of a number of research reports. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE PAC opened at $178.71 on Friday. The firm has a market capitalization of $9.03 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.66 and a beta of 1.47. The firm’s 50-day moving average price is $181.90 and its 200-day moving average price is $171.65. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 1-year low of $139.64 and a 1-year high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $3.7626 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 8.42%. Grupo Aeroportuario del Pacífico’s payout ratio is 19.18%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after acquiring an additional 37,005 shares in the last quarter. Metis Global Partners LLC grew its position in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock worth $3,749,000 after purchasing an additional 7,553 shares in the last quarter. FMR LLC increased its stake in Grupo Aeroportuario del Pacífico by 1,454.3% in the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock valued at $3,370,000 after buying an additional 18,121 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter worth approximately $242,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Grupo Aeroportuario del Pacífico in the second quarter valued at approximately $13,976,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

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.