Scotiabank Increases Cementos Pacasmayo S.A.A. (NYSE:CPAC) Price Target to $12.80

Cementos Pacasmayo S.A.A. (NYSE:CPAC) had its target price hoisted by stock analysts at Scotiabank from $6.40 to $12.80 in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Scotiabank’s price target points to a potential upside of 22.15% from the company’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday. One equities research 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, the company currently has an average rating of “Hold” and a consensus price target of $10.15.

Cementos Pacasmayo S.A.A. Price Performance

Shares of NYSE CPAC opened at $10.48 on Friday. The stock has a market cap of $888.30 million, a P/E ratio of 14.97 and a beta of 0.69. Cementos Pacasmayo S.A.A. has a twelve month low of $5.10 and a twelve month high of $11.30. The stock has a 50 day moving average of $7.34 and a two-hundred day moving average of $6.72. The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results 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 business had revenue of $165.53 million for the quarter, compared to analysts’ expectations of $159.70 million. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.19%. On average, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

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

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

About Cementos Pacasmayo S.A.A.

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.