Grupo Aeroportuario Del Pacifico (NYSE:PAC) Reaches New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

PAC has been the subject of several recent analyst reports. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group cut their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario Del Pacifico from a “sell” rating to a “hold” rating in a report on Sunday, September 27th. Five equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $259.00.

Grupo Aeroportuario Del Pacifico Stock Performance

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 firm’s fifty day moving average price is $207.70 and its 200 day moving average price is $229.17. The firm has a market cap of $9.98 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its 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 return on equity of 32.44% and a net margin of 25.36%. The firm had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Sell-side analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PAC. Lazard Asset Management LLC boosted its stake in shares of Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock worth $289,488,000 after acquiring an additional 18,139 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $38,699,000 after acquiring an additional 2,090 shares during the last quarter. Bank of America Corp DE boosted its stake in 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 purchasing an additional 54,439 shares during the last quarter. Empirical Finance LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after buying an additional 44,531 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Grupo Aeroportuario Del Pacifico by 148.1% during the first quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after purchasing an additional 44,531 shares during the last quarter. 11.73% of the stock is 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.