Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Down 4.9% - Should You Sell?

Key Points

• Cementos Pacasmayo S.A.A. stock price decreased by 4.9%, closing at $6.45, with a trading volume down 11% from its average.
• Scotiabank raised the company's price target from $6.00 to $6.40 while maintaining a "Hold" rating, aligning with the consensus rating.
• The company reported $0.15 earnings per share for the last quarter, surpassing estimates and showing a year-over-year increase from $0.09 EPS.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was down 4.9% during trading on Thursday . The stock traded as low as $6.50 and last traded at $6.45. Approximately 5,170 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 5,797 shares. The stock had previously closed at $6.78.

Analyst Ratings Changes

Separately, Scotiabank increased 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 analyst has rated the stock with a Hold rating, According to MarketBeat, Cementos Pacasmayo S.A.A. currently has an average rating of "Hold" and an average target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Down 0.6%

The business has a 50-day moving average of $6.36 and a 200-day moving average of $5.94. 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 market capitalization of $585.34 million, a price-to-earnings ratio of 11.14 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its earnings results on Monday, July 21st. The construction company reported $0.15 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $135.89 million during the quarter, compared to analysts' expectations of $132.73 million. During the same period last year, the business posted $0.09 EPS. On average, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,110 shares of the construction company's stock after buying an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

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.