Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Announces 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 given a dividend of 3.7626 per share by the transportation company on Friday, December 6th. This represents a $15.05 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Monday, November 25th.

Grupo Aeroportuario del Pacífico Stock Up 1.1 %

Shares of Grupo Aeroportuario del Pacífico stock opened at $187.08 on Friday. The company has a market capitalization of $9.45 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The business has a 50-day moving average of $177.04 and a two-hundred day moving average of $171.12. Grupo Aeroportuario del Pacífico has a 1 year low of $139.64 and a 1 year high of $197.31.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAC shares. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Finally, The Goldman Sachs Group boosted 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 analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

About Grupo Aeroportuario del Pacífico

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.