Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded to “Hold” at Zacks Research

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts also recently commented on CPAC. Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Down 0.4%

CPAC opened at $10.51 on Monday. Cementos Pacasmayo S.A.A. has a 12 month low of $5.40 and a 12 month high of $11.50. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.36. The stock has a market cap of $890.85 million, a P/E ratio of 17.23 and a beta of 0.77. The stock’s 50 day moving average price is $10.53 and its 200 day moving average price is $9.52.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The company had revenue of $158.95 million for the quarter, compared to the consensus estimate of $146.77 million. As a group, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPAC. BNP Paribas Financial Markets increased its position in shares of Cementos Pacasmayo S.A.A. by 6.7% in 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 in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Cementos Pacasmayo S.A.A. in the third quarter worth approximately $522,000. LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $155,000. Dimensional Fund Advisors LP increased its position in shares of Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after acquiring an additional 6,054 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $167,000.

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.