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

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

Several analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Scotiabank cut shares of 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in shares of Grupo Aeroportuario del Pacífico by 67.9% in the 3rd 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 period. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 34.0% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after buying an additional 64 shares during the period. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Pacífico by 163.0% in the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after buying an additional 176 shares during the period. US Bancorp DE boosted its position in Grupo Aeroportuario del Pacífico by 24.4% during the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares during the last quarter. Finally, Cozad Asset Management Inc. acquired a new stake in Grupo Aeroportuario del Pacífico during the 3rd quarter worth about $218,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Price Performance

NYSE:PAC opened at $182.32 on Friday. 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 has a 12-month low of $139.64 and a 12-month high of $200.00. The stock’s 50 day moving average price is $181.18 and its two-hundred day moving average price is $171.17. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.66 and a beta of 1.47.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend was Monday, November 25th. Grupo Aeroportuario del Pacífico’s payout ratio is currently 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.