Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Cementos Pacasmayo shares crossed above their 200-day moving average, reaching $12.03 before closing at $11.88, compared with the $11.00 average.
• The company beat quarterly expectations, reporting $0.26 EPS versus the $0.12 consensus and revenue of $163.77 million, above estimates of $156.89 million.
• Analysts remain generally cautious: all four tracked analysts rate the stock “Hold,” with an average price target of $13.00, although some firms recently upgraded their ratings or raised targets.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.00 and traded as high as $12.03. Cementos Pacasmayo S.A.A. shares last traded at $11.88, with a volume of 54,047 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPAC. Scotiabank upped their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded Cementos Pacasmayo S.A.A. from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The company has a market cap of $1.01 billion, a PE ratio of 16.50 and a beta of 0.74. The business has a 50 day moving average of $11.73 and a 200 day moving average of $11.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The business had revenue of $163.77 million for the quarter, compared to the consensus estimate of $156.89 million. As a group, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

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

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Cementos Pacasmayo S.A.A. by 13.4% during the first quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company's stock valued at $1,036,000 after buying an additional 12,323 shares during the period. Virtu Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $129,000. Millennium Management LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $167,000. LPL Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter valued at approximately $155,000. Finally, BNP Paribas Financial Markets boosted its position in Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company's stock valued at $179,000 after acquiring an additional 1,900 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.

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