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)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $230.21 and last traded at $227.42, with a volume of 55008 shares changing hands. The stock had previously closed at $229.00.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAC. Bank of America cut Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Scotiabank raised Grupo Aeroportuario del Pacífico from a “sector perform” rating to a “sector outperform” rating in a research report on Monday. StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their target price for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

The stock has a market capitalization of $11.49 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.28 and a beta of 1.10. The stock has a 50 day simple moving average of $197.53 and a two-hundred day simple moving average of $190.48. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). The company had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, equities analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS 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. Shareholders of record on Tuesday, May 27th will be paid a $4.3222 dividend. The ex-dividend date is Tuesday, May 27th. This represents a yield of 3.4%. This is a boost from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 40.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Grupo Aeroportuario del Pacífico by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,101,933 shares of the transportation company’s stock valued at $204,421,000 after purchasing an additional 45,479 shares during the period. Deutsche Bank AG increased its position in Grupo Aeroportuario del Pacífico by 7.2% during the first quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock worth $150,821,000 after buying an additional 54,495 shares during the last quarter. Lazard Asset Management LLC raised its stake in Grupo Aeroportuario del Pacífico by 4.1% in the fourth quarter. Lazard Asset Management LLC now owns 665,506 shares of the transportation company’s stock valued at $116,455,000 after buying an additional 25,918 shares during the period. Nuveen LLC bought a new stake in Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $35,349,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock valued at $30,495,000 after buying an additional 41,266 shares during the last quarter. 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.