Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 12-Month Low – Here’s What Happened

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $194.67 and last traded at $194.3730, with a volume of 49002 shares. The stock had previously closed at $205.41.

Analysts Set New Price Targets

A number of research firms have commented on PAC. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Wall Street Zen raised shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research report on Sunday. The Goldman Sachs Group reduced their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Zacks Research raised Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $210.00 to $225.00 in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Price Performance

The stock has a market capitalization of $9.81 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.49 and a beta of 0.93. The business’s 50 day simple moving average is $210.41 and its two-hundred day simple moving average is $231.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%.The business had revenue of $645.23 million for the quarter, compared to the consensus estimate of $732.26 million. As a group, sell-side analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several institutional investors and hedge funds have recently modified their holdings of PAC. EverSource Wealth Advisors LLC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after purchasing an additional 65 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock valued at $109,000 after buying an additional 101 shares during the last quarter. Alamar Capital Management LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the first quarter valued at approximately $222,000. Elevation Point Wealth Partners LLC bought a new stake in Grupo Aeroportuario Del Pacifico during the first quarter worth $251,000. Finally, PNC Financial Services Group Inc. grew its holdings in Grupo Aeroportuario Del Pacifico by 27.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock worth $266,000 after buying an additional 234 shares in the last quarter. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, is a Mexican airport operator that develops, manages and maintains airports under long-term concessions. Its activities include passenger and aircraft services, terminal operations, parking, commercial areas, retail, food and beverage, advertising, car rentals and other airport-related services.

GAP operates a portfolio of airports in western and central Mexico, including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, León, Hermosillo, Mexicali, La Paz, Aguascalientes, Morelia, Manzanillo and Los Mochis.