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

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s share 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 traded. The stock had previously closed at $206.04.

Analyst Ratings Changes

A number of brokerages recently commented on PAC. Zacks Research cut shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Citigroup raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group cut their price objective on Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 0.4%

The company has a debt-to-equity ratio of 0.95, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50-day moving average is $222.85 and its 200 day moving average is $239.05. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Grupo Aeroportuario Del Pacifico by 65.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock worth $43,000 after acquiring an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $43,000. Kestra Advisory Services LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter worth about $54,000. Van ECK Associates Corp increased its position in Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares in the last quarter. Finally, Allworth Financial LP increased its position in Grupo Aeroportuario Del Pacifico by 92.0% during the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock worth $82,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.