Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Down 4.9% - Here's What Happened

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) traded down 4.9% during trading on Thursday . The stock traded as low as $6.50 and last traded at $6.45. 5,170 shares changed hands during trading, a decline of 11% from the average session volume of 5,797 shares. The stock had previously closed at $6.78.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.40.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market capitalization of $559.40 million, a P/E ratio of 10.64 and a beta of 0.76. 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 business has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $5.91.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.09 EPS. On average, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On 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 Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

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