Grupo Aeroportuario del Pacifico Plans Semiannual Dividend of $0.58 (PAC)
Grupo Aeroportuario del Pacifico (NYSE:PAC) announced a semiannual dividend on Monday, June 30th, StockRatingsNetwork reports. Stockholders of record on Monday, July 7th will be paid a dividend of 0.5816 per share on Monday, July 14th. This represents a dividend yield of 1.72%. The ex-dividend date is Wednesday, July 2nd.
A number of analysts have recently weighed in on PAC shares. Analysts at Zacks upgraded shares of Grupo Aeroportuario del Pacifico from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $70.20 price target on the stock. On a related note, analysts at Credit Suisse initiated coverage on shares of Grupo Aeroportuario del Pacifico in a research note on Tuesday, May 27th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Grupo Aeroportuario del Pacifico from a “neutral” rating to an “underweight” rating in a research note on Monday, May 5th.
Grupo Aeroportuario del Pacifico (NYSE:PAC) traded up 2.84% during mid-day trading on Monday, hitting $67.62. 55,408 shares of the company’s stock traded hands. Grupo Aeroportuario del Pacifico has a 52-week low of $46.61 and a 52-week high of $69.20. The stock’s 50-day moving average is $64.49 and its 200-day moving average is $57.42. The company has a market cap of $3.554 billion and a price-to-earnings ratio of 19.23.
Grupo Aeroportuario del Pacifico (NYSE:PAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.89 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.38. On average, analysts predict that Grupo Aeroportuario del Pacifico will post $3.07 earnings per share for the current fiscal year.
Grupo Aeroportuario del Pacifico, SAB. de C.V. hold concessions to operate 12 airports, which serve two metropolitan areas (NYSE:PAC), tourist destinations, such as Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and a number of mid-sized cities, such as Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.
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