Cementos Pacasmayo Receives “Overweight” Rating from Barclays (CPAC)
Cementos Pacasmayo (NASDAQ:CPAC)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Friday. They currently have a $11.00 price target on the stock, down from their previous price target of $13.00. Barclays’ target price suggests a potential upside of 26.29% from the company’s current price.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cementos Pacasmayo in a research note on Friday, June 27th. They now have a $9.00 price target on the stock, down previously from $10.00.
Shares of Cementos Pacasmayo (NASDAQ:CPAC) traded up 0.45% on Friday, hitting $8.95. The stock had a trading volume of 1,575 shares. Cementos Pacasmayo has a 52-week low of $8.15 and a 52-week high of $13.49. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $9.20. The company has a market cap of $1.042 billion and a P/E ratio of 17.64.
Cementos Pacasmayo (NASDAQ:CPAC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.04. Analysts expect that Cementos Pacasmayo will post $0.63 EPS for the current fiscal year.
Cementos Pacasmayo SAA is a Peru-based company principally engaged in the production, distribution and sale of construction materials.
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