Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-strong trading volume on Monday . Approximately 73,307 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 43,211 shares.The stock last traded at $12.0360 and had previously closed at $11.95.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank increased their target price on 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. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Zacks Research raised Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Trading Up 0.6%

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 fifty day moving average price is $11.35 and its two-hundred day moving average price is $10.87. The company has a market capitalization of $1.03 billion, a PE ratio of 16.80 and a beta of 0.73.

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

Institutional Trading of Cementos Pacasmayo S.A.A.

Several large investors have recently added to or reduced their stakes in CPAC. Virtu Financial LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth $129,000. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $155,000. Millennium Management LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $167,000. BNP Paribas Financial Markets boosted its position in 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 valued at $179,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 valued at $958,000 after buying an additional 6,054 shares in the last 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.