Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 12-Month Low – What’s Next?

Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) reached a new 52-week low on Friday . The company traded as low as $206.61 and last traded at $208.1390, with a volume of 6409 shares. The stock had previously closed at $209.13.

Wall Street Analyst Weigh In

A number of brokerages have commented on PAC. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $210.00 to $225.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group cut their target price on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. 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. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Finally, Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Trading Down 1.4%

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $231.77 and a 200 day moving average price of $246.36. The stock has a market capitalization of $10.42 billion, a PE ratio of 18.33, a P/E/G ratio of 1.53 and a beta of 0.94.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its 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 company had revenue of $645.23 million for the quarter, compared to analysts’ expectations of $732.26 million. Equities analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11 EPS for the current fiscal year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company’s stock valued at $7,416,000 after purchasing an additional 15,862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Grupo Aeroportuario Del Pacifico during the first quarter worth about $16,136,000. Jane Street Group LLC purchased a new stake in Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $730,000. Guggenheim Capital LLC lifted its position in shares of Grupo Aeroportuario Del Pacifico by 18.9% during the 2nd quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company’s stock worth $707,000 after buying an additional 489 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Grupo Aeroportuario Del Pacifico by 232.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock worth $8,576,000 after buying an additional 26,099 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario Del Pacifico Company Profile

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.