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 received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $195.00.

Several brokerages have recently commented on PAC. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. 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 research report on Friday, August 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock valued at $429,000 after acquiring an additional 175 shares during the period. ABS Direct Equity Fund LLC raised its position in shares of Grupo Aeroportuario del Pacífico by 4.9% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 15,160 shares of the transportation company’s stock valued at $2,638,000 after buying an additional 710 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Grupo Aeroportuario del Pacífico by 7,927.9% during the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock worth $8,521,000 after acquiring an additional 48,360 shares in the last quarter. State Street Corp increased its stake in 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 acquiring an additional 37,005 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in Grupo Aeroportuario del Pacífico by 19.1% during the third quarter. Quantinno Capital Management LP now owns 2,374 shares of the transportation company’s stock valued at $413,000 after purchasing an additional 380 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Trading Down 1.0 %

PAC stock traded down $1.83 during midday trading on Tuesday, reaching $185.25. The stock had a trading volume of 65,431 shares, compared to its average volume of 60,147. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.65 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a twelve month low of $139.64 and a twelve month high of $197.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $177.20 and a two-hundred day simple moving average of $170.98.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $3.7626 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $15.05 annualized dividend and a dividend yield of 8.12%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

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.