Analysts Set Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Target Price at $195.00

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $195.00.

A number of analysts have recently issued reports on the company. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective 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. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday.

Institutional Trading of Grupo Aeroportuario del Pacífico

Institutional investors have recently added to or reduced their stakes in the business. Albert D Mason Inc. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 0.5% in the 3rd quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after acquiring an additional 63 shares during the last quarter. Signaturefd LLC grew its position in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares during the last quarter. US Bancorp DE increased its stake in Grupo Aeroportuario del Pacífico by 24.4% in the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after purchasing an additional 88 shares during the period. Van ECK Associates Corp lifted its position in 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 last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 106 shares during the period. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 1.9 %

Shares of PAC stock opened at $186.87 on Tuesday. The company has a market capitalization of $9.44 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52-week low of $139.64 and a 52-week high of $197.31. The business’s fifty day moving average is $177.32 and its 200 day moving average is $171.06. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $3.7626 dividend. The ex-dividend date is Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.05%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 19.18%.

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.