Brokerages Set Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) Target Price at $128.00

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) have earned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $119.00.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Scotiabank raised shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $91.00 to $110.00 in a research report on Thursday. UBS AG lowered shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 17th. Finally, Morgan Stanley lowered shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 30th.

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Several hedge funds and other institutional investors have recently bought and sold shares of PAC. Russell Investments Group Ltd. increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 47.5% during the second quarter. Russell Investments Group Ltd. now owns 277,916 shares of the transportation company’s stock worth $31,202,000 after buying an additional 89,495 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 101.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 136,815 shares of the transportation company’s stock worth $15,364,000 after buying an additional 68,800 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 81.8% during the second quarter. Schroder Investment Management Group now owns 109,272 shares of the transportation company’s stock worth $12,371,000 after buying an additional 49,150 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 777.8% during the second quarter. Forsta AP Fonden now owns 47,400 shares of the transportation company’s stock worth $5,323,000 after buying an additional 42,000 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. by 368.3% during the first quarter. Bank of America Corp DE now owns 40,605 shares of the transportation company’s stock worth $3,942,000 after buying an additional 31,935 shares in the last quarter. 6.26% of the stock is owned by institutional investors.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (PAC) traded down 1.82% during trading on Thursday, hitting $108.33. The stock had a trading volume of 83,337 shares. The stock has a 50-day moving average price of $112.31 and a 200-day moving average price of $104.42. The company has a market cap of $5.69 billion, a PE ratio of 23.05 and a beta of 0.30. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $72.52 and a 52 week high of $119.87.

The company also recently disclosed a None dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were issued a dividend of $1.599 per share. This is a positive change from Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s previous None dividend of $0.91. The ex-dividend date was Thursday, August 10th. This represents a dividend yield of 2.79%. Grupo Aeroportuario Del Pacifico, S.A. de C.V.’s dividend payout ratio (DPR) is presently 57.92%.

About Grupo Aeroportuario Del Pacifico, S.A. de C.V.

Grupo Aeroportuario del Pacifico, SAB. de C.V. is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company’s segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies.

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