Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Announces $3.76 Quarterly Dividend

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Monday, November 25th will be paid a dividend of 3.7626 per share by the transportation company on Friday, December 6th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Monday, November 25th.

Grupo Aeroportuario del Pacífico Trading Down 0.2 %

Shares of NYSE PAC opened at $181.83 on Friday. Grupo Aeroportuario del Pacífico has a 1-year low of $131.71 and a 1-year high of $197.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day moving average is $175.54 and its two-hundred day moving average is $171.12. The stock has a market capitalization of $9.19 billion, a P/E ratio of 18.07, a PEG ratio of 1.55 and a beta of 1.46.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group increased 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. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Scotiabank downgraded shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $224.00 to $185.00 in a report on Wednesday, September 25th. Finally, Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Company Profile

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.