Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) to a buy rating in a research report released on Saturday.

A number of other research firms have also weighed in on CPAC. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Scotiabank boosted their price target on shares of 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Cementos Pacasmayo S.A.A. currently has an average rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Stock Performance

CPAC stock opened at $11.91 on Friday. Cementos Pacasmayo S.A.A. has a twelve month low of $6.01 and a twelve month high of $12.70. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 16.54 and a beta of 0.73. The business’s fifty day simple moving average is $11.45 and its two-hundred day simple moving average is $10.92. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Monday, July 20th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. The business had revenue of $163.77 million for 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%. Analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

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

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.