Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Receives $210.00 Consensus Price Target from Brokerages

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned 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 $210.00.

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Grupo Aeroportuario Del Pacifico from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Citigroup restated a “hold” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, September 10th.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Grupo Aeroportuario Del Pacifico by 48.1% during the second quarter. Allworth Financial LP now owns 154 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 50 shares in the last quarter. CWM LLC increased its position in shares of Grupo Aeroportuario Del Pacifico by 41.5% during the second quarter. CWM LLC now owns 174 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 51 shares in the last quarter. Hantz Financial Services Inc. grew its position in Grupo Aeroportuario Del Pacifico by 680.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 195 shares of the transportation company’s stock worth $45,000 after purchasing an additional 170 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $54,000. Finally, GHP Investment Advisors Inc. bought a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $70,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Stock Performance

NYSE PAC opened at $210.28 on Friday. The company has a 50-day simple moving average of $240.91 and a two-hundred day simple moving average of $226.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. Grupo Aeroportuario Del Pacifico has a 12-month low of $163.76 and a 12-month high of $259.33. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.77 and a beta of 1.13.

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

Grupo Aeroportuario Del Pacifico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were paid a dividend of $4.4656 per share. This is a positive change from Grupo Aeroportuario Del Pacifico’s previous semi-annual dividend of $4.32. This represents a dividend yield of 350.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Grupo Aeroportuario Del Pacifico’s payout ratio is 81.95%.

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.