Cementos Pacasmayo S.A.A. (NYSE:CPAC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) to a buy rating in a research report sent to investors on Saturday morning.

Several other equities research analysts have also commented on the company. Weiss Ratings upgraded 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 upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Scotiabank lifted their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Cementos Pacasmayo S.A.A. presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Stock Down 0.1%

CPAC stock opened at $11.79 on Friday. The stock has a market capitalization of $999.86 million, a P/E ratio of 16.38 and a beta of 0.73. The firm has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $10.90. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. Cementos Pacasmayo S.A.A. has a 52 week low of $6.01 and a 52 week high of $12.70.

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

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A number of institutional investors and hedge funds have recently bought and sold shares of CPAC. Dimensional Fund Advisors LP grew its stake in Cementos Pacasmayo S.A.A. by 13.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock valued at $1,036,000 after acquiring an additional 12,323 shares in the last quarter. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $129,000. Millennium Management LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $167,000. LPL Financial LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $155,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 worth $179,000 after purchasing an additional 1,900 shares during the last 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.