Grupo Aeroportuario del Pacífico, S.A.B. de C.V. to Issue Quarterly Dividend of $3.76 (NYSE:PAC)

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Monday, November 25th will be paid a dividend of 3.7626 per share by the transportation company on Friday, December 6th. This represents a $15.05 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date is Monday, November 25th.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC stock opened at $187.47 on Friday. The stock’s fifty day moving average is $177.04 and its 200-day moving average is $171.22. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $9.47 billion, a PE ratio of 18.64, a PEG ratio of 1.63 and a beta of 1.46. Grupo Aeroportuario del Pacífico has a 52 week low of $139.64 and a 52 week high of $197.31.

Analyst Upgrades and Downgrades

PAC has been the topic of several research analyst reports. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $224.00 to $185.00 in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Company Profile

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.