Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 52-Week High – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares reached a new 52-week high on Saturday . The company traded as high as $6.97 and last traded at $6.85, with a volume of 14050 shares trading hands. The stock had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their target price on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

The business’s fifty day moving average price is $6.34 and its two-hundred day moving average price is $5.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.40 and a current ratio of 1.34. The stock has a market capitalization of $580.70 million, a P/E ratio of 11.05 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a net margin of 10.51% and a return on equity of 16.60%. The firm had revenue of $135.89 million for the quarter, compared to the consensus estimate of $132.73 million. During the same period in the previous year, the firm posted $0.09 EPS. As a group, sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,940 shares of the construction company’s stock, valued at approximately $68,000.

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.