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

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

Several analysts recently issued reports on the company. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after buying an additional 37,005 shares during the last quarter. Metis Global Partners LLC raised its stake in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock valued at $3,749,000 after acquiring an additional 7,553 shares during the period. FMR LLC raised its stake in Grupo Aeroportuario del Pacífico by 1,454.3% in 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 during the period. 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Pacífico during the 2nd quarter valued at $13,976,000. Finally, BNP Paribas Financial Markets boosted its position in Grupo Aeroportuario del Pacífico by 16.7% during the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock worth $3,690,000 after purchasing an additional 3,032 shares during the period. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Trading Up 1.5 %

Shares of NYSE:PAC opened at $190.18 on Wednesday. The company’s 50-day moving average price is $183.77 and its two-hundred day moving average price is $173.30. Grupo Aeroportuario del Pacífico has a one year low of $139.64 and a one year high of $200.00. 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 has a market capitalization of $9.61 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $3.7626 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 7.91%. Grupo Aeroportuario del Pacífico’s payout ratio 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.