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

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

PAC has been the subject of a number of analyst reports. Wall Street Zen downgraded Grupo Aeroportuario Del Pacifico from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. Finally, 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 note on Monday, October 5th.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE PAC opened at $227.34 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day moving average of $208.46 and a 200-day moving average of $236.85. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.57 and a beta of 0.97. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $192.65 and a fifty-two week high of $300.41.

Grupo Aeroportuario Del Pacifico Dividend Announcement

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

Institutional Inflows and Outflows

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

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.