Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Given Average Rating of “Hold” by Brokerages

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PACGet Rating) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $148.75.

A number of research analysts have recently issued reports on PAC shares. HSBC upgraded Grupo Aeroportuario del Pacífico from a “hold” rating to a “buy” rating in a report on Thursday, August 25th. Grupo Santander lowered shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to an “underperform” rating and set a $136.00 price target for the company. in a research report on Thursday, October 20th. StockNews.com initiated coverage on shares of Grupo Aeroportuario del Pacífico in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group increased their target price on shares of Grupo Aeroportuario del Pacífico from $126.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Pacífico from an “underweight” rating to a “neutral” rating in a report on Monday, August 8th.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock opened at $165.40 on Thursday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.86 and a beta of 1.24. Grupo Aeroportuario del Pacífico has a 52-week low of $112.88 and a 52-week high of $176.00. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.82. The company’s 50 day moving average is $146.78 and its 200 day moving average is $144.26.

Grupo Aeroportuario del Pacífico Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, November 17th will be paid a $3.3121 dividend. The ex-dividend date is Wednesday, November 16th. This is a boost from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $3.15. This represents a yield of 4.1%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 36.14%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

Several hedge funds have recently made changes to their positions in PAC. Cullen Frost Bankers Inc. acquired a new stake in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter valued at about $28,000. Atlas Capital Advisors LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 152.8% during the third quarter. Atlas Capital Advisors LLC now owns 225 shares of the transportation company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. AGF Investments LLC acquired a new position in shares of Grupo Aeroportuario del Pacífico during the 1st quarter worth about $31,000. Total Clarity Wealth Management Inc. purchased a new position in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at about $35,000. Finally, IFP Advisors Inc boosted its holdings in Grupo Aeroportuario del Pacífico by 692.5% in the 3rd quarter. IFP Advisors Inc now owns 317 shares of the transportation company’s stock worth $44,000 after buying an additional 277 shares during the last quarter. 12.69% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Pacífico

(Get Rating)

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josà del Cabo, Guanajuato (BajÃo), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes.

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Analyst Recommendations for Grupo Aeroportuario del Pacífico (NYSE:PAC)

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