Grupo Aeroportuario Del Pacifico (NYSE:PAC) Sets New 52-Week Low - What's Next?

Key Points

• Grupo Aeroportuario del Pacifico fell to a new 52-week low, trading as low as $199.87 and last changing hands near $200.13, down 1.9% from its prior close.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $250, with recent upgrades from Citigroup and Morgan Stanley offset by a Zacks downgrade to “Strong Sell.”
• The company’s latest quarterly results missed expectations, reporting EPS of $2.80 versus $3.10 expected and revenue of $645.23 million versus estimates of $732.26 million.

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $199.87 and last traded at $200.1280, with a volume of 4987 shares changing hands. The stock had previously closed at $203.46.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Zacks Research downgraded Grupo Aeroportuario Del Pacifico from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. 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 company from $210.00 to $225.00 in a research note on Wednesday, August 5th. The Goldman Sachs Group decreased their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a "buy" rating on the stock in a research note 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. Finally, Citigroup upgraded Grupo Aeroportuario Del Pacifico from a "neutral" rating to a "buy" rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 1.9%

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 firm has a market cap of $10.08 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business has a 50-day moving average price of $216.32 and a two-hundred day moving average price of $235.06.

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 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 company had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. On average, equities research analysts expect 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $43,000. Kestra Advisory Services LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 4th quarter worth $54,000. Allworth Financial LP increased its stake in Grupo Aeroportuario Del Pacifico by 92.0% in the fourth quarter. Allworth Financial LP now owns 311 shares of the transportation company's stock valued at $82,000 after purchasing an additional 149 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company's stock worth $79,000 after buying an additional 57 shares during 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 is a Mexican airport infrastructure company that operates, maintains and develops airports serving commercial aviation, business travel and tourism markets. Its activities include airport management, passenger and airline services, terminal operations, airfield maintenance, security coordination and the development of commercial facilities such as parking areas, retail outlets, restaurants and other passenger amenities.

The company operates a portfolio of 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Aguascalientes, Morelia and Manzanillo.

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