Brokerages Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Price Target at $197.50

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $197.50.

Several equities research analysts recently weighed in on PAC shares. Bank of America downgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 12th. Wall Street Zen downgraded shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, September 10th.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $246.00 on Monday. The business’s fifty day moving average price is $241.57 and its 200 day moving average price is $221.32. Grupo Aeroportuario Del Pacifico has a 12-month low of $163.76 and a 12-month high of $259.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $12.43 billion, a PE ratio of 25.52, a P/E/G ratio of 3.15 and a beta of 1.11.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Monday, July 21st. The transportation company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.05). The firm had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. On average, sell-side analysts anticipate that Grupo Aeroportuario Del Pacifico will post 10 EPS for the current year.

Grupo Aeroportuario Del Pacifico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a dividend of $4.4656 per share. This is a boost from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. The ex-dividend date was Wednesday, August 13th. This represents a yield of 350.0%. Grupo Aeroportuario Del Pacifico’s dividend payout ratio (DPR) is presently 81.95%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its holdings in Grupo Aeroportuario Del Pacifico by 48.1% in the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after buying an additional 50 shares during the last quarter. CWM LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 41.5% in the 2nd quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 51 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Grupo Aeroportuario Del Pacifico by 680.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after acquiring an additional 170 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $54,000. Finally, Parallel Advisors LLC boosted its holdings in Grupo Aeroportuario Del Pacifico by 20.3% in the first quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 59 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico 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.