Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sets New 1-Year High - Here's Why

Key Points

• Cementos Pacasmayo S.A.A. stock achieved a new 52-week high of $6.97 during trading, closing at $6.85 with a trading volume of 14,050 shares.
• Scotiabank raised its price target for Cementos Pacasmayo from $6.00 to $6.40, maintaining a "sector perform" rating.
• The company's recent earnings report showed EPS of $0.15, surpassing the expected $0.10, and revenue of $135.89 million, exceeding analyst estimates.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $6.97 and last traded at $6.85, with a volume of 14050 shares traded. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price objective on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.40.

Cementos Pacasmayo S.A.A. Trading Up 3.8%

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40. The firm has a market capitalization of $580.67 million, a PE ratio of 11.05 and a beta of 0.76. The company has a fifty day moving average of $6.34 and a 200-day moving average of $5.93.

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

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

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,110 shares of the construction company's stock after buying an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

About Cementos Pacasmayo S.A.A.

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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