Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) had its price target upped by Scotiabank from $6.00 to $6.40 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "sector perform" rating on the construction company's stock. Scotiabank's price objective would suggest a potential upside of 7.47% from the company's previous close.
Cementos Pacasmayo S.A.A. Stock Performance
Shares of Cementos Pacasmayo S.A.A. stock traded down $0.03 during trading on Wednesday, reaching $5.96. The company's stock had a trading volume of 1,779 shares, compared to its average volume of 7,150. Cementos Pacasmayo S.A.A. has a 52 week low of $5.10 and a 52 week high of $6.65. The firm has a market cap of $504.83 million, a PE ratio of 10.09 and a beta of 0.70. The business's 50-day moving average price is $5.59 and its 200-day moving average price is $5.68. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.
Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $134.84 million for the quarter, compared to analyst estimates of $498.00 million. Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. Equities analysts forecast 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.
Several institutional investors have recently modified their holdings of CPAC. Citadel Advisors LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth $68,000. Woodward Diversified Capital LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter worth about $58,000. Finally, BNP Paribas Financial Markets raised its holdings in Cementos Pacasmayo S.A.A. by 7.4% during the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock valued at $152,000 after acquiring an additional 2,000 shares during the period.
Cementos Pacasmayo S.A.A. Company Profile
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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.
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