Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research note issued on Saturday.
Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Cementos Pacasmayo S.A.A. from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $7.50 to $13.00 in a research note on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of Cementos Pacasmayo S.A.A. from a "buy (b-)" rating to a "hold (c)" rating in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $12.90.
Get Our Latest Report on Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. Trading Up 0.5%
NYSE CPAC opened at $10.70 on Friday. Cementos Pacasmayo S.A.A. has a twelve month low of $5.20 and a twelve month high of $11.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.28 and a current ratio of 1.17. The stock has a market cap of $906.95 million, a price-to-earnings ratio of 17.54 and a beta of 0.77. The firm's 50 day moving average price is $10.53 and its two-hundred day moving average price is $9.46.
Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The firm had revenue of $158.95 million for the quarter, compared to analysts' expectations of $146.77 million. Equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.47 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth $129,000. Millennium Management LLC acquired a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth $167,000. Dimensional Fund Advisors LP lifted its position in Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company's stock worth $958,000 after acquiring an additional 6,054 shares during the last quarter. LPL Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth $155,000. Finally, Benjamin Edwards Inc. acquired a new position in Cementos Pacasmayo S.A.A. during the 3rd quarter worth $522,000.
About Cementos Pacasmayo S.A.A.
(
Get Free Report)
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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