Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 52-Week High - Here's Why

Key Points

• Cementos Pacasmayo shares reached a 52-week high of $12.87, trading around $12.86.
• The company reported quarterly EPS of $0.41, beating the $0.15 analyst consensus, and revenue of $193.78 million, above expectations of $182.39 million.
• Analyst views remain mixed: recent upgrades were offset by a price-target cut, and the consensus rating is Hold with a $12.98 target.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $12.87 and last traded at $12.8550, with a volume of 19,075 shares trading hands. The stock had previously closed at $12.80.

Analysts Set New Price Targets

CPAC has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 31st. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Finally, Scotiabank dropped their price objective on Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a "sector perform" rating on the stock in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.98.

Cementos Pacasmayo S.A.A. Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.44 and a beta of 0.72. The company has a fifty day moving average price of $12.50 and a two-hundred day moving average price of $11.42.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its earnings results on Monday, October 26th. The construction company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.26. Cementos Pacasmayo S.A.A. had a net margin of 11.22% and a return on equity of 20.10%. The business had revenue of $193.78 million for the quarter, compared to analysts' expectations of $182.39 million. On average, equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.

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

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,077 shares of the construction company's stock after purchasing an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned about 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo S.A.A. is a Peruvian building materials company focused on producing and selling cement and related construction products. Its offerings include concrete, precast concrete products, aggregates and lime, serving residential, commercial and infrastructure construction needs. Founded in 1949, the company has a long-standing presence in northern Peru. It operates cement plants in Pacasmayo, Piura and Rioja, and distributes products through its commercial network, including the DINO brand.

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