Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) from a buy rating to a strong-buy rating in a report released on Saturday morning,Wall Street Zen reports.

CPAC has been the topic of a number of other reports. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Scotiabank cut their target price on shares of Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a “sector perform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and a consensus target price of $12.98.

Cementos Pacasmayo S.A.A. Trading Up 0.2%

NYSE:CPAC opened at $12.78 on Friday. The stock has a market cap of $1.08 billion, a PE ratio of 14.36 and a beta of 0.76. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 0.50. The stock’s 50-day moving average is $12.43 and its two-hundred day moving average is $11.35.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Monday, October 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. The business had revenue of $193.78 million during the quarter, compared to analyst estimates of $182.39 million. Cementos Pacasmayo S.A.A. had a net margin of 11.22% and a return on equity of 20.10%. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.