Cementos Pacasmayo ADR (CPAC) Receives $13.00 Average Price Target from Analysts
Cementos Pacasmayo ADR (NYSE:CPAC) has been given an average recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.00.
Several brokerages have recently commented on CPAC. TheStreet lowered Cementos Pacasmayo from a “b-” rating to a “c+” rating in a report on Friday, February 15th. Zacks Investment Research lowered Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd.
Shares of NYSE CPAC traded down $0.06 during midday trading on Thursday, hitting $9.90. 6,900 shares of the company’s stock were exchanged, compared to its average volume of 1,883. Cementos Pacasmayo has a 12-month low of $8.96 and a 12-month high of $14.11. The company has a current ratio of 2.38, a quick ratio of 0.74 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $844.35 million, a price-to-earnings ratio of 26.76, a PEG ratio of 0.71 and a beta of 0.77.
An institutional investor recently bought a new position in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new position in Cementos Pacasmayo ADR (NYSE:CPAC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. 4.16% of the stock is owned by institutional investors.
Cementos Pacasmayo Company Profile
Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.
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