Cementos Pacasmayo S.A.A. (NYSE:CPAC) Price Target Raised to $12.80

Cementos Pacasmayo S.A.A. (NYSE:CPAC) had its target price increased by Scotiabank from $6.40 to $12.80 in a research note issued to investors on Friday, Marketbeat reports. They currently have a sector perform rating on the construction company’s stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. increased their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday, December 16th. One 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, Cementos Pacasmayo S.A.A. currently has an average rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Price Performance

NYSE:CPAC opened at $10.48 on Friday. Cementos Pacasmayo S.A.A. has a 12-month low of $5.10 and a 12-month high of $11.30. The firm has a market cap of $888.30 million, a price-to-earnings ratio of 14.97 and a beta of 0.69. The company’s 50-day moving average is $7.34 and its two-hundred day moving average is $6.73. The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted 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 net margin of 10.68% and a return on equity of 17.19%. The business had revenue of $165.53 million during the quarter, compared to analyst estimates of $159.70 million. Research analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 21st were given a $0.6018 dividend. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is 80.00%.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% in the 2nd quarter, according to its most recent Form 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 period. 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. 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.