Cementos Pacasmayo S.A.A. (NYSE:CPAC) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) from a strong-buy rating to a buy rating in a research note published on Sunday morning.

Other equities analysts also recently issued reports about the company. Weiss Ratings downgraded Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Zacks Research upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $7.50 to $13.00 in a research note on Wednesday, March 4th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC opened at $10.70 on Friday. The company’s 50 day moving average is $10.52 and its 200 day moving average is $9.57. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66. The company has a market cap of $906.62 million, a price-to-earnings ratio of 17.53 and a beta of 0.77. Cementos Pacasmayo S.A.A. has a 12-month low of $5.45 and a 12-month high of $11.50.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. The business had revenue of $158.95 million during the quarter, compared to analysts’ expectations of $146.77 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. On average, equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPAC. Dimensional Fund Advisors LP increased its stake in Cementos Pacasmayo S.A.A. by 13.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock worth $1,036,000 after buying an additional 12,323 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth about $129,000. Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth about $167,000. LPL Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth about $155,000. Finally, Benjamin Edwards Inc. purchased a new stake in shares of Cementos Pacasmayo S.A.A. during the third quarter worth about $522,000.

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.