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

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) declared 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 8.26%. The ex-dividend date of this dividend is Monday, November 25th.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC traded up $5.55 during midday trading on Thursday, hitting $182.14. 93,626 shares of the stock traded hands, compared to its average volume of 60,170. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. Grupo Aeroportuario del Pacífico has a 1-year low of $129.76 and a 1-year high of $197.31. The business’s 50 day moving average price is $175.09 and its two-hundred day moving average price is $171.06. The firm has a market capitalization of $9.20 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

Wall Street Analyst Weigh In

Several brokerages have commented on PAC. Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. Bank of America raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group lifted their price objective on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. Finally, Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $224.00 to $185.00 in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.