Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Breaks Above 200 Day Moving Average – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $11.56 and traded as high as $12.68. Cementos Pacasmayo S.A.A. shares last traded at $12.65, with a volume of 25,515 shares trading hands.

Analysts Set New Price Targets

CPAC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday, October 6th. Finally, Scotiabank raised their price target on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50. The company has a 50 day moving average of $12.31 and a two-hundred day moving average of $11.58. The company has a market capitalization of $1.07 billion, a PE ratio of 17.58 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The business had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $156.89 million. As a group, equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.