Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) had its price objective upped by equities research analysts at Scotiabank from $6.00 to $6.40 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "sector perform" rating on the construction company's stock. Scotiabank's target price would suggest a potential upside of 7.56% from the stock's current price.
Cementos Pacasmayo S.A.A. Trading Down 0.5%
Shares of NYSE CPAC traded down $0.03 during mid-day trading on Wednesday, hitting $5.95. The stock had a trading volume of 1,344 shares, compared to its average volume of 7,165. The business has a 50 day moving average price of $5.58 and a two-hundred day moving average price of $5.69. Cementos Pacasmayo S.A.A. has a 1 year low of $5.10 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.47 and a current ratio of 1.30. The firm has a market cap of $504.41 million, a P/E ratio of 10.08 and a beta of 0.70.
Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $134.84 million during the quarter, compared to the consensus estimate of $498.00 million. Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. On average, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.
Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.
Several institutional investors and hedge funds have recently bought and sold shares of CPAC. Citadel Advisors LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $68,000. Woodward Diversified Capital LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth $58,000. Finally, BNP Paribas Financial Markets raised its holdings in Cementos Pacasmayo S.A.A. by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock worth $152,000 after purchasing an additional 2,000 shares in the last quarter.
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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