Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sets New 52-Week High - Should You Buy?

Key Points

• Cementos Pacasmayo S.A.A. shares reached a new 52-week high of $7.50 during trading, closing last at $7.21.
• The company's latest quarterly earnings reported $0.15 earnings per share, exceeding analysts' estimates of $0.10.
• Two research analysts have rated the stock with a "Hold" rating, and the average consensus target price is $6.40.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $7.50 and last traded at $7.21, with a volume of 200 shares traded. The stock had previously closed at $7.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Cementos Pacasmayo S.A.A. in a research report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.40.

Cementos Pacasmayo S.A.A. Trading Down 1.7%

The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73. The business's 50-day simple moving average is $6.65 and its two-hundred day simple moving average is $6.09. The firm has a market capitalization of $606.13 million, a price-to-earnings ratio of 11.53 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million during the quarter, compared to analysts' expectations of $132.73 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%.During the same period in the previous year, the firm posted $0.09 earnings per share. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets raised its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,110 shares of the construction company's stock after purchasing an additional 1,900 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Cementos Pacasmayo S.A.A. Company Profile

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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