Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 1-Year Low – Here’s Why

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

Analyst Upgrades and Downgrades

PAC has been the subject of a number of research reports. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Wall Street Zen upgraded Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. 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 report on Wednesday, August 5th. The Goldman Sachs Group decreased 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Performance

The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.39 and a beta of 0.97. The stock’s fifty day moving average is $209.75 and its two-hundred day moving average is $230.86. 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 announced its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 EPS for the quarter, missing analysts’ consensus estimates 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 during 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 11.04 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 185.0% during the 1st quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company’s stock worth $20,704,000 after acquiring an additional 54,439 shares during the last quarter. Empirical Finance LLC raised its stake in Grupo Aeroportuario Del Pacifico by 148.1% in the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after acquiring an additional 44,531 shares during the period. Empowered Funds LLC lifted its holdings in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock valued at $18,418,000 after purchasing an additional 44,531 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter valued at $7,195,000. Finally, Lazard Asset Management LLC boosted its position in Grupo Aeroportuario Del Pacifico by 1.6% during the first quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after purchasing an additional 18,139 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

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.