Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 12-Month Low – Should You Sell?

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $203.09 and last traded at $202.4690, with a volume of 29984 shares trading hands. The stock had previously closed at $206.04.

Wall Street Analyst Weigh In

PAC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. The Goldman Sachs Group dropped their price target on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has an average rating of “Hold” and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 1.7%

The business’s fifty day moving average price is $224.45 and its 200 day moving average price is $240.22. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.47 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

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 for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $732.26 million. On average, equities analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several hedge funds have recently made changes to their positions in PAC. Lazard Asset Management LLC increased its position in Grupo Aeroportuario Del Pacifico by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after acquiring an additional 18,139 shares during the period. State Street Corp grew its stake in shares of Grupo Aeroportuario Del Pacifico by 3.6% in the 4th quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock valued at $106,425,000 after purchasing an additional 14,079 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $42,634,000. Dimensional Fund Advisors LP increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 156,890 shares of the transportation company’s stock valued at $38,699,000 after purchasing an additional 2,090 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the third quarter valued at approximately $30,453,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.