Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 52-Week Low - Here's Why

Key Points

• Grupo Aeroportuario del Pacifico shares fell to a new 52-week low of $203.09, well below their 50-day and 200-day moving averages of $224.45 and $240.22, respectively.
• The decline followed a disappointing quarterly report: earnings per share came in at $2.80 versus the $3.10 estimate, while revenue of $645.23 million missed expectations of $732.26 million.
• Analyst views remain mixed, with a consensus “Hold” rating and average price target of $250; recommendations range from Zacks Research’s “strong sell” to Goldman Sachs and Citigroup’s “buy” ratings.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $203.09 and last traded at $202.4690, with a volume of 29984 shares. The stock had previously closed at $206.04.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Zacks Research downgraded shares of Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. The Goldman Sachs Group dropped their target price on 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 restated a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. 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, Morgan Stanley raised shares of Grupo Aeroportuario Del Pacifico from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $210.00 to $225.00 in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Hold" and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Price Performance

The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.47 and a beta of 0.94. 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 company's 50-day moving average price is $224.45 and its 200-day moving average price is $240.22.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million. On average, equities research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 EPS for the current year.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Several hedge funds have recently modified their holdings of PAC. Militia Capital Management LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the 1st quarter worth about $839,000. NewEdge Advisors LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 12.4% in the first quarter. NewEdge Advisors LLC now owns 1,222 shares of the transportation company's stock valued at $302,000 after acquiring an additional 135 shares in the last quarter. 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 worth $20,704,000 after acquiring an additional 54,439 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 50.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 247 shares of the transportation company's stock worth $61,000 after acquiring an additional 83 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empowered Funds LLC now owns 74,607 shares of the transportation company's stock worth $18,418,000 after acquiring an additional 44,531 shares in the last quarter. 11.73% of the stock is currently 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 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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