Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Analyst consensus remains cautious: Four analysts rate Cementos Pacasmayo a “Hold,” with a consensus price target of $13.00. Recent actions included upgrades from Zacks Research and Wall Street Zen, while Scotiabank raised its target to $13.00 but maintained a “sector perform” rating.
• Quarterly results beat expectations: The company reported earnings of $0.26 per share versus the $0.12 consensus estimate, alongside revenue of $163.77 million that exceeded forecasts. Net margin was 9.42% and return on equity reached 16.49%.
• CPAC traded near $11.70, below the $13.00 consensus target, with a $1.03 billion market capitalization and a price-to-earnings ratio of 16.80. Institutional investors, including Dimensional Fund Advisors and BNP Paribas, recently increased their positions, although trading volume fell 42% from the prior session.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw strong trading volume on Tuesday . Approximately 26,000 shares were traded during trading, a decline of 42% from the previous session's volume of 44,478 shares.The stock last traded at $11.7010 and had previously closed at $11.85.

Analyst Upgrades and Downgrades

CPAC has been the topic of a number of research analyst reports. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 9th. Scotiabank boosted 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. Finally, Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a "buy" rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.00.

Cementos Pacasmayo S.A.A. Trading Up 2.1%

The business's fifty day simple moving average is $11.84 and its two-hundred day simple moving average is $11.03. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 16.80 and a beta of 0.74.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $156.89 million. On average, equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

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

Several large investors have recently modified their holdings of CPAC. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth approximately $167,000. LPL Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at $155,000. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter worth $129,000. Dimensional Fund Advisors LP boosted its stake in Cementos Pacasmayo S.A.A. by 13.4% during the 1st 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 period. Finally, BNP Paribas Financial Markets grew its position 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 worth $179,000 after purchasing an additional 1,900 shares during the last quarter.

About Cementos Pacasmayo S.A.A.

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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