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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Cementos Pacasmayo S.A.A. logo with Construction background

Key Points

  • Cementos Pacasmayo S.A.A. stock surpassed its two hundred day moving average, reaching a high of $6.45, indicating potential upward momentum.
  • Scotiabank raised its target price for the stock from $6.00 to $6.40, and analysts currently rate it as a "Hold" with a consensus target price of $6.40.
  • For the latest quarter, Cementos Pacasmayo reported earnings of $0.15 per share, exceeding analysts' expectations of $0.10, with total revenue of $135.89 million.
  • Need better tools to track Cementos Pacasmayo S.A.A.? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.85 and traded as high as $6.45. Cementos Pacasmayo S.A.A. shares last traded at $6.34, with a volume of 6,047 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price objective on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company 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, the stock has a consensus rating of "Hold" and an average price target of $6.40.

View Our Latest Research Report on CPAC

Cementos Pacasmayo S.A.A. Stock Up 5.8%

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 $569.65 million, a price-to-earnings ratio of 10.84 and a beta of 0.69. The firm has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $5.87.

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 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%.The business had revenue of $135.89 million for the quarter, compared to analyst estimates of $132.73 million. During the same quarter last year, the company earned $0.09 EPS. On average, sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,110 shares of the construction company's stock after buying an additional 1,900 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

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.

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