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

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $195.00.

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

Institutional Trading of Grupo Aeroportuario del Pacífico

Several institutional investors have recently made changes to their positions in PAC. State Street Corp lifted its position in Grupo Aeroportuario del Pacífico by 11.0% in the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after buying an additional 37,005 shares in the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of Grupo Aeroportuario del Pacífico by 4.5% during the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock worth $30,070,000 after acquiring an additional 7,473 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Grupo Aeroportuario del Pacífico by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock valued at $21,515,000 after purchasing an additional 5,481 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Grupo Aeroportuario del Pacífico in the third quarter valued at about $23,145,000. Finally, Janney Montgomery Scott LLC increased its position in Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock worth $16,164,000 after purchasing an additional 6,139 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of NYSE PAC opened at $188.00 on Wednesday. The stock’s fifty day simple moving average is $185.30 and its 200 day simple moving average is $174.75. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.23 and a beta of 1.46. 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 52-week low of $139.64 and a 52-week high of $200.00.

Grupo Aeroportuario del Pacífico Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $3.7626 dividend. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a dividend yield of 8.01%. Grupo Aeroportuario del Pacífico’s dividend 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.