Cementos Pacasmayo S.A.A. (NYSE:CPAC) Reaches New 12-Month High – Should You Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) reached a new 52-week high during trading on Friday . The stock traded as high as $11.48 and last traded at $11.2710, with a volume of 18445 shares trading hands. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CPAC. JPMorgan Chase & Co. upped their target price on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Finally, Scotiabank increased their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Trading Up 2.7%

The stock’s fifty day moving average price is $8.96 and its two-hundred day moving average price is $7.52. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Tuesday, October 28th. The construction company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.19%. Equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets raised its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.