Citigroup cut shares of Grupo Aeroportuario Del Pacifico (NYSE:PAC – Free Report) from a buy rating to a neutral rating in a research report released on Friday morning, MarketBeat Ratings reports.
Several other research analysts also recently issued reports on PAC. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $210.00 to $225.00 in a report on Wednesday, August 5th. HSBC raised 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. The Goldman Sachs Group dropped their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research note on Saturday, October 31st. Finally, Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $259.00.
Read Our Latest Stock Analysis on PAC
Grupo Aeroportuario Del Pacifico Price Performance
Shares of PAC stock traded up $2.00 during trading hours on Friday, reaching $247.91. 120,899 shares of the company were exchanged, compared to its average volume of 138,931. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $192.65 and a fifty-two week high of $300.41. The stock’s fifty day moving average is $211.99 and its two-hundred day moving average is $236.13. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.78 and a quick ratio of 0.78.
Grupo Aeroportuario Del Pacifico Announces Dividend
The company also recently disclosed an annual dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 9th will be issued a dividend of $11.1850 per share. The ex-dividend date is Monday, November 9th. This represents a yield of 500.0%.
Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Grupo Aeroportuario Del Pacifico by 16.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,200 shares of the transportation company’s stock worth $20,787,000 after acquiring an additional 14,256 shares during the last quarter. Eurizon Capital SGR S.p.A. lifted its position in shares of Grupo Aeroportuario Del Pacifico by 0.6% in the third quarter. Eurizon Capital SGR S.p.A. now owns 13,422 shares of the transportation company’s stock worth $2,829,000 after purchasing an additional 74 shares in the last quarter. Gen Wealth Partners Inc acquired a new position in Grupo Aeroportuario Del Pacifico during the third quarter worth $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Grupo Aeroportuario Del Pacifico during the third quarter worth $126,000. Finally, Sage Investment Counsel LLC grew its position in Grupo Aeroportuario Del Pacifico by 3.6% in the third quarter. Sage Investment Counsel LLC now owns 2,840 shares of the transportation company’s stock valued at $583,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.
Grupo Aeroportuario Del Pacifico Company Profile
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.
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