Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives $205.00 Average Price Target from Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $205.00.

A number of research firms have recently weighed in on PAC. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. The Goldman Sachs Group increased their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $169.27 on Thursday. The company has a 50-day simple moving average of $162.10 and a two-hundred day simple moving average of $164.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56. Grupo Aeroportuario del Pacífico has a 12-month low of $107.25 and a 12-month high of $197.31. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.57 and a beta of 1.47.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last posted its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The business had revenue of $421.54 million for the quarter. On average, equities analysts forecast that Grupo Aeroportuario del Pacífico will post 9.66 EPS for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were paid a dividend of $3.8657 per share. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date of this dividend was Monday, July 22nd. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 33.75%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of Grupo Aeroportuario del Pacífico by 70.8% during the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock valued at $2,400,000 after acquiring an additional 6,097 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Grupo Aeroportuario del Pacífico by 141.5% during the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock valued at $78,526,000 after acquiring an additional 281,966 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Grupo Aeroportuario del Pacífico during the first quarter valued at approximately $2,676,000. Marshall Financial Group LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $867,000. Finally, SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $242,000. Institutional investors own 11.73% of the company’s stock.

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.