Grupo Aeroportuario Del Pacifico (NYSE:PAC) Hits New 1-Year Low – Here’s Why

Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC)’s stock price reached a new 52-week low on Monday . The company 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PAC shares. The Goldman Sachs Group reduced their price target 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. Morgan Stanley raised Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $210.00 to $225.00 in a report on Wednesday, August 5th. 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. 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, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Monday, August 31st. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $250.00.

Grupo Aeroportuario Del Pacifico Stock Down 1.9%

The firm’s 50 day moving average price is $216.32 and its two-hundred day moving average price is $235.06. 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 capitalization of $10.08 billion, a PE ratio of 17.73, a P/E/G ratio of 1.44 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings results on Monday, July 13th. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). The company had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a return on equity of 32.44% and a net margin of 25.36%. As a group, research analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC boosted its stake in Grupo Aeroportuario Del Pacifico by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,172,634 shares of the transportation company’s stock valued at $289,488,000 after purchasing an additional 18,139 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of 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 buying an additional 54,439 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in Grupo Aeroportuario Del Pacifico in the 4th quarter worth approximately $3,128,000. Deprince Race & Zollo Inc. acquired a new position in Grupo Aeroportuario Del Pacifico during the first quarter valued at $7,195,000. Finally, LRT Capital Management LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $739,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

About Grupo Aeroportuario Del Pacifico

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.