Grupo Aeroportuario del Pacífico (NYSE:PAC) Upgraded at Scotiabank

Scotiabank upgraded shares of Grupo Aeroportuario del Pacífico (NYSE:PAC) from a sector perform rating to a sector outperform rating in a research note released on Monday, Marketbeat Ratings reports.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Up 0.3%

Shares of Grupo Aeroportuario del Pacífico stock opened at $228.25 on Monday. The company has a fifty day moving average price of $198.26 and a 200 day moving average price of $190.74. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a twelve month low of $146.62 and a twelve month high of $230.21. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The firm had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. Equities research analysts forecast that Grupo Aeroportuario del Pacífico will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be given a dividend of $4.3222 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, May 27th. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $3.87. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 40.78%.

Institutional Investors Weigh In On Grupo Aeroportuario del Pacífico

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in 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 worth $204,421,000 after purchasing an additional 45,479 shares during the last quarter. Deutsche Bank AG grew its position in Grupo Aeroportuario del Pacífico by 7.2% in the 1st quarter. Deutsche Bank AG now owns 813,007 shares of the transportation company’s stock worth $150,821,000 after purchasing an additional 54,495 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 25,918 shares in the last quarter. Nuveen LLC bought a new position in shares of Grupo Aeroportuario del Pacífico in the first quarter valued at approximately $35,349,000. Finally, Itau Unibanco Holding S.A. boosted its holdings 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 acquiring an additional 41,266 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

About Grupo Aeroportuario del Pacífico

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.