Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a hold rating to a buy rating in a report published on Thursday morning.

PAC has been the subject of several other reports. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, Scotiabank raised Grupo Aeroportuario del Pacífico from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 2.4%

PAC stock opened at $232.67 on Thursday. The company’s 50-day moving average price is $199.67 and its 200 day moving average price is $191.66. The company has a market cap of $11.76 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.28 and a beta of 1.10. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 52 week low of $146.62 and a 52 week high of $233.62.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The company had revenue of $541.03 million for the quarter, compared to analyst estimates of $554.93 million. On average, research analysts expect that Grupo Aeroportuario del Pacífico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a $4.3222 dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 27th. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico’s dividend payout ratio is 40.78%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAC. Caitong International Asset Management Co. Ltd bought a new stake in Grupo Aeroportuario del Pacífico during the first quarter worth approximately $54,000. Signaturefd LLC boosted its stake in Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after buying an additional 81 shares in the last quarter. Fifth Third Bancorp increased its stake in Grupo Aeroportuario del Pacífico by 327.4% in the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 275 shares during the period. Parallel Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 20.3% in the 1st quarter. Parallel Advisors LLC now owns 350 shares of the transportation company’s stock worth $65,000 after buying an additional 59 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the first quarter worth $70,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico 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.