Cementos Pacasmayo S.A.A. (NYSE:CPAC) Downgraded to Hold Rating by Wall Street Zen

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

Other analysts have also recently issued research reports about the stock. Scotiabank raised their price objective on shares of 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. JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Weiss Ratings cut shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Cementos Pacasmayo S.A.A. has an average rating of “Hold” and a consensus price target of $12.90.

Cementos Pacasmayo S.A.A. Trading Down 2.7%

Shares of CPAC stock opened at $10.05 on Friday. The business’s fifty day moving average price is $10.68 and its 200 day moving average price is $8.61. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 0.74. Cementos Pacasmayo S.A.A. has a 1-year low of $5.10 and a 1-year high of $11.50.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Friday, February 13th. The construction company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.85%. The business had revenue of $166.82 million during the quarter, compared to analyst estimates of $174.95 million. On average, sell-side analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after buying an additional 6,054 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Cementos Pacasmayo S.A.A. during the third quarter worth about $522,000. BNP Paribas Financial Markets raised its position in Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after acquiring an additional 1,900 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $167,000. Finally, LPL Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $155,000.

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.