Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $195.00.

Several research firms recently weighed in on PAC. The Goldman Sachs Group increased their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. 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. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Finally, Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAC. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario del Pacífico during the 3rd quarter valued at about $23,145,000. 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario del Pacífico during the second quarter valued at approximately $13,976,000. National Bank of Canada FI raised its stake in Grupo Aeroportuario del Pacífico by 7,927.9% in the third quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock worth $8,521,000 after buying an additional 48,360 shares in the last quarter. State Street Corp lifted its holdings in Grupo Aeroportuario del Pacífico by 11.0% during the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after buying an additional 37,005 shares during the period. Finally, FMR LLC boosted its position in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock valued at $3,370,000 after acquiring an additional 18,121 shares in the last quarter. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Down 0.4 %

Shares of PAC stock opened at $181.63 on Friday. The company has a market cap of $9.18 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.66 and a beta of 1.47. 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 stock’s 50 day simple moving average is $181.63 and its two-hundred day simple moving average is $171.49. Grupo Aeroportuario del Pacífico has a 1 year low of $139.64 and a 1 year high of $200.00.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.29%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

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.