Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen lowered Cementos Pacasmayo S.A.A. from “strong-buy” to “buy,” while the broader analyst view remains Hold with an average target price of $12.90.
• The company recently beat earnings expectations, posting $0.28 EPS versus $0.11 expected, and reported $158.95 million in revenue, above estimates.
• CPAC shares were trading around $10.70, near the top of their 52-week range of $5.45 to $11.50, with a market cap of about $906.6 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Other research analysts also recently issued reports about the stock. Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Weiss Ratings downgraded Cementos Pacasmayo S.A.A. from a "buy (b-)" rating to a "hold (c)" rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Cementos Pacasmayo S.A.A. presently has a consensus rating of "Hold" and an average target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Up 0.1%

Shares of NYSE CPAC opened at $10.70 on Friday. Cementos Pacasmayo S.A.A. has a 1 year low of $5.45 and a 1 year high of $11.50. The firm's 50-day moving average is $10.52 and its 200-day moving average is $9.57. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $906.62 million, a PE ratio of 17.53 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.11 by $0.17. The firm had revenue of $158.95 million for the quarter, compared to analyst estimates of $146.77 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. Equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in Cementos Pacasmayo S.A.A. during the 3rd quarter worth $522,000. Millennium Management LLC bought a new position in Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $167,000. LPL Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $155,000. Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $129,000. Finally, Dimensional Fund Advisors LP grew its holdings 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 worth $1,036,000 after purchasing an additional 12,323 shares during 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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