Grupo Aeroportuario Del Pacifico (NYSE:PAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other research analysts have also issued reports on PAC. The Goldman Sachs Group lowered their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. HSBC upgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price objective for the company in a research report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.00.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC opened at $236.24 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.78 and a current ratio of 0.78. Grupo Aeroportuario Del Pacifico has a 52 week low of $192.65 and a 52 week high of $300.41. The firm has a market cap of $11.94 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97. The firm’s fifty day moving average is $209.36 and its 200-day moving average is $236.51.

Grupo Aeroportuario Del Pacifico Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 9th will be issued a $11.1850 dividend. The ex-dividend date is Monday, November 9th. This represents a yield of 500.0%.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 50.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 83 shares in the last quarter. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 29.8% in the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Grupo Aeroportuario Del Pacifico in the third quarter valued at $126,000. Mondrian Investment Partners LTD raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 31.6% during the third quarter. Mondrian Investment Partners LTD now owns 892 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 214 shares during the period. Finally, Alamar Capital Management LLC acquired a new stake 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.