Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Cementos Pacasmayo shares crossed above their 200-day moving average, reaching $12.68 and last trading at $12.65 versus the $11.56 average.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from four analysts, with an average price target of $13.00. Scotiabank recently raised its target to $13.00 while maintaining a “sector perform” rating.
• The company exceeded quarterly expectations, reporting $0.26 in EPS versus a $0.12 consensus estimate and $163.77 million in revenue against estimates of $156.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $11.56 and traded as high as $12.68. Cementos Pacasmayo S.A.A. shares last traded at $12.65, with a volume of 25,515 shares.

Analyst Ratings Changes

CPAC has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Cementos Pacasmayo S.A.A. in a research note on Tuesday, October 6th. Wall Street Zen raised Cementos Pacasmayo S.A.A. to a "buy" rating in a research note on Saturday, August 1st. Finally, Scotiabank boosted their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Cementos Pacasmayo S.A.A. currently has a consensus rating of "Hold" and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market cap of $1.07 billion, a PE ratio of 17.57 and a beta of 0.76. The firm has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $11.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 EPS for the quarter, topping 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 business had revenue of $163.77 million for the quarter, compared to analyst estimates of $156.89 million. As a group, equities analysts expect 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.

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

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.

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