Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Receives $195.00 Average Target Price from Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $195.00.

Several brokerages have recently commented on PAC. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. UBS Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, The Goldman Sachs Group upped 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.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of large investors have recently bought and sold shares of the company. Albert D Mason Inc. raised its position in shares of Grupo Aeroportuario del Pacífico by 0.5% in the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after purchasing an additional 63 shares during the period. Signaturefd LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after acquiring an additional 64 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock worth $78,000 after acquiring an additional 88 shares during the period. Van ECK Associates Corp grew its position in shares of 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 in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Grupo Aeroportuario del Pacífico by 37.3% during the 3rd 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 owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Up 1.9 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $186.87 on Tuesday. The stock’s 50-day moving average is $177.32 and its 200 day moving average is $171.06. 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 $9.44 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.63 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $3.7626 dividend. This represents a $15.05 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date is Monday, November 25th. 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.