Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Strong Trading Volume

Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) saw unusually-high trading volume on Thursday . Approximately 3,497 shares were traded during trading, a decline of 95% from the previous session’s volume of 64,201 shares.The stock last traded at $126.30 and had previously closed at $124.68.

PAC has been the subject of a number of recent analyst reports. Scotiabank raised shares of Grupo Aeroportuario del Pacífico from a “sector perform” rating to a “sector outperform” rating and set a $124.00 price target for the company in a report on Thursday, July 29th. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “neutral” rating in a report on Thursday, July 8th. Finally, Zacks Investment Research downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “hold” rating in a report on Thursday, October 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $121.20.

The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $115.39 and its 200-day simple moving average is $111.13. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 0.56 and a beta of 1.39.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings results on Thursday, July 29th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.13. Grupo Aeroportuario del Pacífico had a net margin of 22.69% and a return on equity of 13.94%. The firm had revenue of $244.49 million during the quarter. On average, equities research analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 5.17 earnings per share for the current fiscal year.

The company also recently disclosed a — dividend, which was paid on Friday, October 8th. Stockholders of record on Monday, September 27th were paid a $3.4886 dividend. This is a positive change from Grupo Aeroportuario del Pacífico’s previous — dividend of $1.92. The ex-dividend date of this dividend was Friday, September 24th. Grupo Aeroportuario del Pacífico’s dividend payout ratio is currently 238.75%.

Several large investors have recently bought and sold shares of the company. Norway Savings Bank bought a new stake in shares of Grupo Aeroportuario del Pacífico in the 3rd quarter valued at $32,000. Albert D Mason Inc. boosted its stake in Grupo Aeroportuario del Pacífico by 0.7% during the third quarter. Albert D Mason Inc. now owns 15,492 shares of the transportation company’s stock worth $1,802,000 after acquiring an additional 102 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Grupo Aeroportuario del Pacífico by 3.3% during the third quarter. Harbour Capital Advisors LLC now owns 2,995 shares of the transportation company’s stock worth $348,000 after acquiring an additional 95 shares in the last quarter. Northcape Capital Pty Ltd boosted its stake in Grupo Aeroportuario del Pacífico by 3.3% during the third quarter. Northcape Capital Pty Ltd now owns 91,787 shares of the transportation company’s stock worth $10,677,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Grupo Aeroportuario del Pacífico by 240.1% during the second quarter. Wells Fargo & Company MN now owns 22,717 shares of the transportation company’s stock worth $2,429,000 after acquiring an additional 16,037 shares in the last quarter. 12.89% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Pacífico Company Profile (NYSE:PAC)

Grupo Aeroportuario del Pacífico SAB de CV engages in the operation of a international airports in Mexico and Jamaica. It operates through the following segments: Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Montego Bay, Hermosillo, Bajío, and Other Airports. The company was founded on May 28, 1998 and is headquartered in Guadalajara, Mexico.

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