Cementos Pacasmayo S.A.A. (NYSE:CPAC) Raised to Buy at Wall Street Zen

by · The Markets Daily

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) was upgraded by analysts at Wall Street Zen to a “buy” rating in a report issued on Saturday.

Several other brokerages also recently issued reports on CPAC. Zacks Research raised Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Scotiabank upped their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.00.

Get Our Latest Analysis on Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. Price Performance

NYSE:CPAC opened at $11.79 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $10.91. The firm has a market capitalization of $999.86 million, a price-to-earnings ratio of 16.38 and a beta of 0.74. Cementos Pacasmayo S.A.A. has a 12-month low of $6.01 and a 12-month high of $12.70.

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last issued its earnings results on Monday, July 20th. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.12 by $0.14. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $156.89 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%. On average, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $129,000. LPL Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $155,000. Millennium Management LLC bought a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $167,000. BNP Paribas Financial Markets grew its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

(Get Free Report)

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.

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