Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 52-Week Low – Here’s Why

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) reached a new 52-week low on Wednesday. The stock traded as low as $192.65 and last traded at $194.7310, with a volume of 12,297 shares. The stock had previously closed at $198.97.

Analyst Ratings Changes

PAC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Monday, August 31st. HSBC upgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price target on the stock in a research report on Monday, October 5th. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research report on Monday, July 20th. The Goldman Sachs Group reduced their price target on shares of 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. Finally, Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.00.

Grupo Aeroportuario Del Pacifico Trading Up 3.1%

The business has a 50 day simple moving average of $206.90 and a 200-day simple moving average of $228.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $10.24 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.97.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The firm had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. On average, analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.08 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 50.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 83 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Grupo Aeroportuario Del Pacifico by 29.8% in the 1st quarter. Parallel Advisors LLC now owns 440 shares of the transportation company’s stock worth $109,000 after purchasing an additional 101 shares during the last quarter. Alamar Capital Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $222,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter worth approximately $251,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 27.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the transportation company’s stock worth $266,000 after purchasing an additional 234 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario Del Pacifico

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.