Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Shares saw unusually-high trading volume of about 138,610 shares (up 489%) and rose to $10.55 from a $9.53 close, indicating heightened market interest.
• Analyst coverage is mixed: MarketBeat reports a consensus rating of "Reduce" with an average target price of $12.90 after several downgrades and some target increases (three Holds, one Sell).
• The company missed quarterly EPS (‑$0.06 vs. $0.05 expected) but beat revenue estimates ($179.83M vs. $174.95M), and the stock trades near its 50‑day average ($10.61) and above its 200‑day average ($8.90).

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 138,610 shares were traded during trading, an increase of 489% from the previous session's volume of 23,549 shares.The stock last traded at $10.55 and had previously closed at $9.53.

Analyst Ratings Changes

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

Cementos Pacasmayo S.A.A. Price Performance

The company's 50 day moving average price is $10.61 and its 200-day moving average price is $8.90. The stock has a market cap of $886.19 million, a P/E ratio of 21.33 and a beta of 0.69. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 0.74.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its quarterly earnings data on Friday, February 13th. The construction company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $179.83 million during the quarter, compared to the consensus estimate of $174.95 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%. As a group, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPAC. Virtu Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $129,000. Millennium Management LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth $167,000. Dimensional Fund Advisors LP raised its stake in Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company's stock worth $958,000 after buying an additional 6,054 shares during the last quarter. LPL Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter valued at $155,000. Finally, Benjamin Edwards Inc. acquired a new stake in Cementos Pacasmayo S.A.A. during the 3rd quarter worth about $522,000.

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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