Zacks Investment Research Upgrades Cementos Pacasmayo (NYSE:CPAC) to Hold
According to Zacks, “Cementos Pacasmayo is a cement company engaged in the distribution and selling of cement and cement-related materials, such as concrete blocks and ready-mix concrete in the North region of Peru. The Company also produces and sells quicklime for use in mining. Cementos Pacasmayo is based in Santiago de Surco, Peru. “
Separately, JPMorgan Chase & Co. lowered Cementos Pacasmayo from a neutral rating to an underweight rating and reduced their price target for the stock from $9.00 to $8.50 in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $9.00.
Cementos Pacasmayo (NYSE:CPAC) last posted its quarterly earnings results on Monday, October 28th. The construction company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Cementos Pacasmayo had a return on equity of 8.08% and a net margin of 6.71%. The company had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $104.61 million. Research analysts expect that Cementos Pacasmayo will post 0.45 EPS for the current year.
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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