Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) Stock Has Average Target Price of $259.00

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $259.00.

PAC has been the subject of a number of analyst reports. HSBC raised shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price for the company in a research report on Monday, October 5th. Wall Street Zen raised shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC stock opened at $230.77 on Tuesday. The company’s fifty day simple moving average is $208.88 and its 200-day simple moving average is $236.66. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.83. The firm has a market cap of $11.66 billion, a PE ratio of 20.53, a P/E/G ratio of 1.63 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a 12 month low of $192.65 and a 12 month high of $300.41.

Grupo Aeroportuario Del Pacifico Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 9th will be given a dividend of $11.1850 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a yield of 500.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAC. EverSource Wealth Advisors LLC increased its holdings in Grupo Aeroportuario Del Pacifico by 50.6% during the first quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock worth $61,000 after buying an additional 83 shares during the last quarter. Parallel Advisors LLC raised its position in Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after acquiring an additional 101 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Grupo Aeroportuario Del Pacifico in the third quarter valued at $126,000. Mondrian Investment Partners LTD lifted its stake in Grupo Aeroportuario Del Pacifico by 31.6% in the third quarter. Mondrian Investment Partners LTD now owns 892 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 214 shares during the last quarter. Finally, Alamar Capital Management LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $222,000. 11.73% of the stock is currently owned by institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.