Cementos Pacasmayo S.A.A. (NYSE:CPAC) Price Target Cut to $12.96 by Analysts at Scotiabank

Key Points

• Scotiabank cut Cementos Pacasmayo’s price target from $13.00 to $12.96 while maintaining a “sector perform” rating, implying approximately 1.33% upside from the prior close.
• Analyst sentiment remains cautious, with one Buy rating and three Holds; the consensus rating is “Hold” with an average target price of $12.98. Shares closed at $12.79, near their 52-week high of $12.87.
• The company exceeded quarterly expectations, reporting $0.41 in earnings per share versus the $0.15 consensus estimate and revenue of $193.78 million versus $182.39 million expected.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) had its price target dropped by Scotiabank from $13.00 to $12.96 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "sector perform" rating on the construction company's stock. Scotiabank's target price indicates a potential upside of 1.33% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a "buy" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Price Performance

Shares of NYSE CPAC traded up $0.02 during trading on Wednesday, hitting $12.79. The company had a trading volume of 17,696 shares, compared to its average volume of 43,814. Cementos Pacasmayo S.A.A. has a 52 week low of $6.25 and a 52 week high of $12.87. The business's 50-day moving average is $12.37 and its 200 day moving average is $11.32. The company has a market cap of $1.08 billion, a P/E ratio of 17.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.26. The business had revenue of $193.78 million during the quarter, compared to analyst estimates of $182.39 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%. Equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,077 shares of the construction company's stock after purchasing an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned approximately 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.

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