Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase Following Analyst Upgrade

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-strong trading volume on Friday after Scotiabank raised their price target on the stock from $6.40 to $12.80. Scotiabank currently has a sector perform rating on the stock. Approximately 19,484 shares were traded during trading, a decline of 17% from the previous session’s volume of 23,505 shares.The stock last traded at $10.2650 and had previously closed at $10.28.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.15.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

Cementos Pacasmayo S.A.A. Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49. The company has a 50 day moving average price of $7.27 and a 200 day moving average price of $6.69. The firm has a market cap of $882.46 million, a PE ratio of 14.86 and a beta of 0.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 EPS for the quarter, beating 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%. Sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Cementos Pacasmayo S.A.A. Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 21st were issued a dividend of $0.6018 per share. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s payout ratio is currently 80.00%.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.