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

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, 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 issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $195.00.

Several equities analysts have issued reports on the stock. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th.

Grupo Aeroportuario del Pacífico Stock Down 0.4 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $181.63 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. The company has a market cap of $9.18 billion, a P/E ratio of 18.05, a PEG ratio of 1.66 and a beta of 1.47. The firm’s 50 day moving average price is $181.63 and its 200-day moving average price is $171.49. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 dividend on an annualized basis and a yield of 8.29%. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 19.18%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Large investors have recently bought and sold shares of the company. Albert D Mason Inc. lifted its position in Grupo Aeroportuario del Pacífico by 0.5% during 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 holdings in shares of Grupo Aeroportuario del Pacífico by 34.0% in the 3rd 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. US Bancorp DE boosted its stake 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 buying an additional 88 shares during the last quarter. Van ECK Associates Corp grew its holdings in Grupo Aeroportuario del Pacífico by 67.9% during the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock worth $38,000 after acquiring an additional 89 shares during the period. Finally, Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

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.