Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 1-Year Low - Should You Sell?

Key Points

• Grupo Aeroportuario del Pacifico shares fell 5.5% to a new 52-week low of $194.67, below both its 50-day and 200-day moving averages.
• Analyst sentiment remains cautiously positive, with a “Moderate Buy” consensus and an average price target of $250, although Goldman Sachs recently cut its target to $275.
• The company missed quarterly expectations, reporting $2.80 in earnings per share versus $3.10 expected and revenue of $645.23 million versus estimates of $732.26 million. Institutional investors own 11.73% of the stock.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. The Goldman Sachs Group dropped their price objective 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. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and lifted their target price 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 Monday, August 31st. Finally, Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of "Moderate Buy" and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 5.5%

The stock's 50-day moving average price is $210.41 and its 200-day moving average price is $231.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.49 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last posted its quarterly earnings data on Monday, July 13th. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30). The firm 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, sell-side analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC grew its stake 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. Bank of America Corp DE lifted its stake in Grupo Aeroportuario Del Pacifico by 185.0% in the first quarter. Bank of America Corp DE now owns 83,866 shares of the transportation company's stock valued at $20,704,000 after buying an additional 54,439 shares during the period. LRT Capital Management LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $739,000. Deprince Race & Zollo Inc. bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $7,195,000. Finally, Advisors Preferred LLC bought a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $595,000. 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 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.

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