Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down - Here's Why

Key Points

• Cementos Pacasmayo S.A.A. shares dropped from $6.30 to open at $6.13 on a recent trading day, with a latest trading price of $6.18.
• Wall Street analysts have raised the target price for the company from $6.00 to $6.40 and rated it as "sector perform."
• The company reported $0.15 EPS for the last quarter, exceeding expectations, alongside a revenue of $135.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $6.30, but opened at $6.13. Cementos Pacasmayo S.A.A. shares last traded at $6.18, with a volume of 936 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank boosted their target price on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th.

Cementos Pacasmayo S.A.A. Trading Down 1.3%

The firm has a market cap of $530.66 million, a price-to-earnings ratio of 10.10 and a beta of 0.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.40 and a current ratio of 1.34. The business has a fifty day moving average of $6.05 and a two-hundred day moving average of $5.80.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million for 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 quarter in the prior year, the firm posted $0.09 EPS. As a group, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,940 shares of the construction company's stock, valued at approximately $68,000.

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.