Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a neutral rating to a buy rating in a report released on Tuesday morning, MarketBeat reports.

A number of other research firms have also recently commented on PAC. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “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 cut their price objective for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group lifted 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $183.19 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. Grupo Aeroportuario del Pacífico has a 1-year low of $139.64 and a 1-year high of $197.31. The firm has a market capitalization of $9.26 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.65 and a beta of 1.46. The business’s 50-day simple moving average is $177.20 and its 200-day simple moving average is $170.98.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $3.7626 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.22%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds have recently bought and sold shares of PAC. Van ECK Associates Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares during the period. Signaturefd LLC grew its holdings in Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. increased its position in Grupo Aeroportuario del Pacífico by 163.0% in the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 176 shares during the period. US Bancorp DE raised its stake in Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the 3rd quarter worth $218,000. 11.73% of the stock is currently owned by institutional investors.

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.