Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 1-Year Low - Here's What Happened

Key Points

• Grupo Aeroportuario Del Pacifico hit a new 52-week low, falling to $206.61 before last trading near $208.14, below its 50-day and 200-day moving averages.
• Analyst views remain mixed: Morgan Stanley and Citigroup upgraded the stock, while Goldman Sachs lowered its price target and Zacks Research downgraded it to “strong sell.” The consensus rating is “Hold,” with an average price target of $250.
• The company missed quarterly expectations, reporting $2.80 in earnings per share versus the $3.10 estimate and revenue of $645.23 million versus the $732.26 million consensus.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on PAC shares. Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research report on Monday, July 20th. The Goldman Sachs Group cut 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 report on Tuesday, August 4th. Finally, Zacks Research lowered shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Performance

The stock's 50-day moving average is $231.77 and its 200-day moving average is $246.36. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.53 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 - Get Free Report) 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). The business had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. On average, analysts predict that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently added to or reduced their stakes in PAC. Compound Planning Inc. increased its stake in shares of Grupo Aeroportuario Del Pacifico by 3.3% in the 4th quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company's stock valued at $402,000 after acquiring an additional 49 shares in the last quarter. Van ECK Associates Corp grew its holdings in Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company's stock worth $79,000 after purchasing an additional 57 shares during the period. EverSource Wealth Advisors LLC increased its stake in Grupo Aeroportuario Del Pacifico by 65.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company's stock valued at $43,000 after purchasing an additional 65 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 29.8% during the first quarter. Parallel Advisors LLC now owns 440 shares of the transportation company's stock valued at $109,000 after purchasing an additional 101 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% during the third quarter. US Bancorp DE now owns 658 shares of the transportation company's stock valued at $156,000 after purchasing an additional 106 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

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.

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