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

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $195.00.

Several equities research analysts have weighed in on the stock. 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. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Scotiabank lowered Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAC. Albert D Mason Inc. increased its holdings in 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 worth $2,200,000 after buying an additional 63 shares during the period. Signaturefd LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares during the period. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% during the third 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 last quarter. Van ECK Associates Corp raised its holdings in shares of Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after purchasing an additional 89 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in 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 Stock Performance

PAC stock opened at $182.22 on Tuesday. Grupo Aeroportuario del Pacífico has a one year low of $139.64 and a one year high of $197.31. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.65 and a beta of 1.46. 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 firm has a 50-day simple moving average of $177.46 and a two-hundred day simple moving average of $170.92.

Grupo Aeroportuario del Pacífico Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $3.7626 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.26%. Grupo Aeroportuario del Pacífico’s payout ratio is presently 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.