Grupo Aeroportuario del Pacífico (NYSE:PAC) Hits New 1-Year High – What’s Next?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) hit a new 52-week high on Wednesday . The company traded as high as $200.34 and last traded at $201.04, with a volume of 34675 shares traded. The stock had previously closed at $195.00.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price target for the company from $140.00 to $210.00 in a research note on Wednesday. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 26th. Finally, Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Trading Up 3.6 %

The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.23 and a beta of 1.47. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50 day moving average of $186.47 and a 200-day moving average of $177.48.

Grupo Aeroportuario del Pacífico Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $3.7626 per share. The ex-dividend date was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 7.45%.

Institutional Trading of Grupo Aeroportuario del Pacífico

Several hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Grupo Aeroportuario del Pacífico by 67.9% in the third quarter. Van ECK Associates Corp now owns 220 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 89 shares in the last quarter. Signaturefd LLC grew its stake in Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $44,000 after buying an additional 64 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Grupo Aeroportuario del Pacífico by 327.4% in the 4th 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. Blue Trust Inc. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after buying an additional 106 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Grupo Aeroportuario del Pacífico by 24.4% in the third quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds 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.