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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was upgraded by analysts at Wall Street Zen to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Scotiabank boosted their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research note on Friday, December 19th. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Stock Down 4.7%

CPAC stock opened at $10.27 on Friday. Cementos Pacasmayo S.A.A. has a twelve month low of $5.10 and a twelve month high of $11.30. The company has a quick ratio of 0.49, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a market cap of $870.76 million, a PE ratio of 14.67 and a beta of 0.67. The business’s 50-day simple moving average is $8.60 and its 200 day simple moving average is $7.35.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $165.53 million for the quarter, compared to analyst estimates of $159.70 million. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%. On average, research analysts anticipate 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.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its holdings 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 institutional investor owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Company Profile

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.