Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Strong Trading Volume – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw an uptick in trading volume on Monday . 13,216 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 7,740 shares.The stock last traded at $6.4050 and had previously closed at $6.59.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPAC. JPMorgan Chase & Co. upped 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 report on Tuesday, November 4th. Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.95.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40. The company has a market capitalization of $547.64 million, a PE ratio of 9.23 and a beta of 0.78. The firm’s fifty day simple moving average is $7.17 and its 200 day simple moving average is $6.49.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.83% and a net margin of 10.68%.The business had revenue of $162.44 million during the quarter, compared to analyst estimates of $159.70 million. On average, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Cementos Pacasmayo S.A.A. Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.6018 per share. The ex-dividend date of this dividend is Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 78.57%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

About Cementos Pacasmayo S.A.A.

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.