Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up - Time to 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 prior to trading 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their target price on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Down 1.9%

The company's 50-day simple moving average is $6.45 and its two-hundred day simple moving average is $5.98. 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 firm has a market cap of $597.63 million, a PE ratio of 11.60 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released 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 analyst estimates 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 last year, the business earned $0.09 EPS. On average, analysts predict 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.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,110 shares of the construction company's stock after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.