Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 12-Month High - Should You Buy?

Key Points

• Cementos Pacasmayo S.A.A. shares reached a new 52-week high of $7.39, closing at $7.31 with a trading volume of 3,740 shares.
• Wall Street analysts maintain a Hold rating for the stock, with an average target price of $6.40, despite the company recently reporting better-than-expected quarterly earnings of $0.15 per share.
• Institutional investors are showing interest, as BNP Paribas Financial Markets increased its stake in the company by 6.7%, bringing its total holdings to 30,110 shares.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.39 and last traded at $7.31, with a volume of 3740 shares traded. The stock had previously closed at $7.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Cementos Pacasmayo S.A.A. in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $6.77 and a 200 day moving average of $6.16. The company has a market capitalization of $619.24 million, a P/E ratio of 11.78 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a net margin of 10.51% and a return on equity of 16.60%. The company had revenue of $135.89 million during the quarter, compared to analyst estimates of $132.73 million. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, sell-side analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets raised its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,110 shares of the construction company's stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company's cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.