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

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

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

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE PAC opened at $189.70 on Wednesday. The firm has a market capitalization of $9.59 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.34 and a beta of 1.46. The firm’s 50-day moving average price is $184.85 and its 200-day moving average price is $174.03. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 1-year low of $139.64 and a 1-year high of $200.00.

Grupo Aeroportuario del Pacífico Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 7.93%. Grupo Aeroportuario del Pacífico’s payout ratio is 19.18%.

Institutional Trading of Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 6.4% in the second quarter. American Century Companies Inc. now owns 36,486 shares of the transportation company’s stock valued at $5,683,000 after purchasing an additional 2,198 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 last quarter. Sei Investments Co. lifted its stake 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 valued at $2,083,000 after acquiring an additional 927 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario del Pacífico during the 2nd quarter worth $13,976,000. Finally, Marshall Wace LLP grew its stake in shares of Grupo Aeroportuario del Pacífico by 9.7% in the 2nd 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 in the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Company Profile

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.