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

Key Points

• Cementos Pacasmayo S.A.A. shares gapped up from $6.60 to $6.82 before settling at $6.76, with a trading volume of 1,473 shares.
• Scotiabank upgraded the company's price target from $6.00 to $6.40, maintaining a "sector perform" rating, while the consensus rating remains a "Hold."
• In its recent earnings report, the company exceeded analysts' expectations, reporting $0.15 EPS against an anticipated $0.10 EPS, along with revenues of $135.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $6.60, but opened at $6.82. Cementos Pacasmayo S.A.A. shares last traded at $6.76, with a volume of 1,473 shares.

Analysts Set New Price Targets

Separately, Scotiabank upped their price target 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has an average rating of "Hold" and a consensus price target of $6.40.

Cementos Pacasmayo S.A.A. Trading Up 1.4%

The firm's fifty day moving average price is $6.37 and its 200-day moving average price is $5.94. 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 company has a market cap of $597.63 million, a price-to-earnings ratio of 11.37 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share (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 return on equity of 16.60% and a net margin of 10.51%.During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities analysts expect 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 bought a new position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,940 shares of the construction company's stock, valued at approximately $68,000.

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.