Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) – What Are Investment Firms Saying About This Stock?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $259.00.

A number of research analysts have recently commented on PAC shares. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. HSBC upgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 target price on the stock in a research note on Monday, October 5th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after acquiring an additional 18,139 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company’s stock valued at $38,699,000 after purchasing an additional 2,090 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% in the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock valued at $20,704,000 after purchasing an additional 54,439 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after purchasing an additional 44,531 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after purchasing an additional 44,531 shares during the period. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Stock Up 2.5%

NYSE:PAC opened at $236.24 on Tuesday. Grupo Aeroportuario Del Pacifico has a twelve month low of $192.65 and a twelve month high of $300.41. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97. The stock has a fifty day simple moving average of $209.36 and a 200-day simple moving average of $236.51. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.83.

Grupo Aeroportuario Del Pacifico Dividend Announcement

The company also recently declared 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 dividend yield of 500.0%.

About Grupo Aeroportuario Del Pacifico

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.