Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 52-Week High - Time to Buy?

Key Points

• Cementos Pacasmayo shares reached a new 52-week high of $12.71 and last traded at $12.65, giving the company a market capitalization of approximately $1.07 billion.
• The company beat quarterly earnings and revenue estimates, reporting $0.26 in earnings per share versus the $0.12 consensus estimate and $163.77 million in revenue versus $156.89 million expected.
• Analyst sentiment remains mostly neutral: the consensus rating is “Hold” with a $13.00 target price, although Wall Street Zen upgraded the stock to “Buy.”

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $12.71 and last traded at $12.65, with a volume of 2281 shares trading hands. The stock had previously closed at $12.62.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CPAC shares. Scotiabank raised their price target on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 9th. Finally, Wall Street Zen raised Cementos Pacasmayo S.A.A. to a "buy" rating in a report on Saturday, August 1st. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market capitalization of $1.07 billion, a P/E ratio of 17.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22. The stock has a 50 day moving average of $11.94 and a 200-day moving average of $11.12.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.14. The firm had revenue of $163.77 million during the quarter, compared to analyst estimates of $156.89 million. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. Research analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in Cementos Pacasmayo S.A.A. by 6.7% during 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. LPL Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth $155,000. Dimensional Fund Advisors LP grew its position in shares of Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company's stock valued at $958,000 after purchasing an additional 6,054 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $167,000. Finally, Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $129,000.

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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