Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded to "Hold" at Zacks Research

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on CPAC. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. from a "hold" rating to a "strong-buy" rating in a research report on Saturday. JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a "buy (b-)" rating to a "hold (c)" rating in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.90.

Cementos Pacasmayo S.A.A. Trading Down 0.4%

Cementos Pacasmayo S.A.A. stock opened at $10.51 on Monday. The firm's 50-day moving average is $10.53 and its 200-day moving average is $9.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 1.17. Cementos Pacasmayo S.A.A. has a 1 year low of $5.40 and a 1 year high of $11.50. The company has a market cap of $890.85 million, a P/E ratio of 17.23 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $158.95 million for the quarter, compared to the consensus estimate of $146.77 million. On average, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company's stock worth $958,000 after buying an additional 6,054 shares during the period. Benjamin Edwards Inc. acquired a new stake in Cementos Pacasmayo S.A.A. in the 3rd quarter valued at approximately $522,000. BNP Paribas Financial Markets increased its position in Cementos Pacasmayo S.A.A. by 6.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company's stock valued at $179,000 after acquiring an additional 1,900 shares during the period. Millennium Management LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $167,000. Finally, LPL Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $155,000.

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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