Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase - Here's Why

Key Points

• Cementos Pacasmayo saw unusually high trading volume — about 45,501 shares mid-day, a 66% increase from the prior session — with the stock trading around $10.88 (up ~0.4%).
• Analyst sentiment has turned cautious: multiple downgrades left a MarketBeat consensus of Reduce and an average target price of $12.90, though Scotiabank and JPMorgan raised targets into the ~$12.80–$13.00 range.
• The most recent quarter posted an EPS miss (reported −$0.06 vs. $0.05 expected) while revenue beat at $179.8 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 45,501 shares changed hands during mid-day trading, an increase of 66% from the previous session's volume of 27,478 shares.The stock last traded at $10.88 and had previously closed at $10.71.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CPAC shares. Wall Street Zen lowered shares of Cementos Pacasmayo S.A.A. from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Zacks Research cut Cementos Pacasmayo S.A.A. from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. Scotiabank raised their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a "sector perform" rating in a report on Friday, December 19th. JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Weiss Ratings cut Cementos Pacasmayo S.A.A. from a "buy (b-)" rating to a "hold (c)" rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $12.90.

Cementos Pacasmayo S.A.A. Trading Up 0.4%

The company has a market capitalization of $911.15 million, a PE ratio of 21.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.09 and a quick ratio of 0.28. The company's fifty day moving average is $10.54 and its 200-day moving average is $9.13.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%.The company had revenue of $179.83 million for the quarter, compared to analysts' expectations of $174.95 million. On average, 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.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company's stock worth $179,000 after purchasing an additional 1,900 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 3rd quarter worth approximately $522,000. LPL Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $155,000. Dimensional Fund Advisors LP raised its stake in shares of Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company's stock worth $958,000 after acquiring an additional 6,054 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $167,000.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.

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