Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up - Still a Buy?

Key Points

• Cementos Pacasmayo S.A.A. shares opened at $7.26 on Friday, up from a previous close of $7.06, indicating positive market activity.
• Analysts at Scotiabank raised the stock's target price from $6.00 to $6.40, with a consensus rating of "Hold."
• The company reported an earnings per share (EPS) of $0.15 for the last quarter, exceeding expectations, with a revenue of $135.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $7.06, but opened at $7.26. Cementos Pacasmayo S.A.A. shares last traded at $7.20, with a volume of 5,751 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price target 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

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 stock has a 50-day moving average of $6.43 and a 200-day moving average of $5.97. The firm has a market cap of $609.92 million, a price-to-earnings ratio of 11.60 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued 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 company had revenue of $135.89 million during the quarter, compared to the consensus estimate 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 company posted $0.09 EPS. As a group, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC acquired a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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.