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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was upgraded by analysts at Wall Street Zen to a “buy” rating in a research report issued to clients and investors on Saturday.

CPAC has been the topic of several other research reports. Scotiabank increased their price target on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.15.

Cementos Pacasmayo S.A.A. Stock Down 4.7%

Shares of NYSE CPAC opened at $10.27 on Friday. The stock has a market capitalization of $870.76 million, a P/E ratio of 14.67 and a beta of 0.67. The stock’s fifty day moving average is $8.60 and its 200 day moving average is $7.35. Cementos Pacasmayo S.A.A. has a 52 week low of $5.10 and a 52 week high of $11.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $165.53 million for the quarter, compared to the consensus estimate of $159.70 million. Sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 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. BNP Paribas Financial Markets raised its position 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 and Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

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.