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

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

A number of other equities analysts have also recently issued reports on PAC. The Goldman Sachs Group increased 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 research report on Friday, August 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock 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 report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Up 1.9 %

Grupo Aeroportuario del Pacífico stock opened at $186.87 on Tuesday. The company has a market capitalization of $9.44 billion, a PE ratio of 18.58, a PEG ratio of 1.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 12-month low of $139.64 and a 12-month high of $197.31. The firm’s fifty day moving average is $177.32 and its 200 day moving average is $171.06. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico Announces Dividend

The business 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. This represents a $15.05 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 19.18%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in Grupo Aeroportuario del Pacífico in the 3rd quarter valued at $23,145,000. 1832 Asset Management L.P. bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 2nd quarter worth $13,976,000. National Bank of Canada FI raised its holdings in shares of 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 valued at $8,521,000 after purchasing an additional 48,360 shares during the last quarter. State Street Corp lifted its position in shares of 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 valued at $65,187,000 after purchasing an additional 37,005 shares in the last quarter. Finally, FMR LLC boosted its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after purchasing an additional 18,121 shares during the last quarter. Hedge funds and other 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.