Brokerages 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 recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $195.00.

A number of research firms have recently weighed in on PAC. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. UBS Group upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock opened at $189.70 on Wednesday. The company’s 50 day simple moving average is $184.85 and its 200-day simple moving average is $174.28. Grupo Aeroportuario del Pacífico has a 1 year low of $139.64 and a 1 year high of $200.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend was Monday, November 25th.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently made changes to their positions in PAC. American Century Companies Inc. grew its position in Grupo Aeroportuario del Pacífico by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 36,486 shares of the transportation company’s stock worth $5,683,000 after purchasing an additional 2,198 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Grupo Aeroportuario del Pacífico by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock valued at $21,515,000 after buying an additional 5,481 shares during the period. Sei Investments Co. raised its position in Grupo Aeroportuario del Pacífico by 7.4% during the 2nd quarter. Sei Investments Co. now owns 13,373 shares of the transportation company’s stock worth $2,083,000 after buying an additional 927 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Grupo Aeroportuario del Pacífico in the second quarter valued at about $13,976,000. Finally, Marshall Wace LLP increased its stake in shares of Grupo Aeroportuario del Pacífico by 9.7% during the second quarter. Marshall Wace LLP now owns 15,787 shares of the transportation company’s stock worth $2,459,000 after acquiring an additional 1,391 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.