Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Rating Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Cementos Pacasmayo from “buy” to “strong-buy,” though the broader analyst consensus remains “Hold,” with an average price target of $12.98.
• CPAC reported quarterly EPS of $0.41, exceeding the $0.15 consensus estimate, while revenue of $193.78 million also surpassed expectations.
• Shares opened at $12.78, near the company’s 12-month high of $12.87; Dimensional Fund Advisors increased its stake by 13.4% during the first quarter.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research analysts have also issued reports on the stock. Scotiabank reduced their target price on shares of Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a "sector perform" rating on the stock in a research note on Wednesday. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a "hold (c+)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Trading Up 0.2%

Shares of CPAC opened at $12.78 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. Cementos Pacasmayo S.A.A. has a 12-month low of $6.25 and a 12-month high of $12.87. The firm has a market capitalization of $1.08 billion, a PE ratio of 14.34 and a beta of 0.76. The stock's fifty day simple moving average is $12.43 and its 200-day simple moving average is $11.35.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.26. The business had revenue of $193.78 million for the quarter, compared to analysts' expectations of $182.39 million. Cementos Pacasmayo S.A.A. had a return on equity of 20.10% and a net margin of 11.22%. As a group, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 13.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,077 shares of the construction company's stock after purchasing an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent SEC filing.

About Cementos Pacasmayo S.A.A.

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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