Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.24 and traded as high as $10.69. Cementos Pacasmayo S.A.A. shares last traded at $10.69, with a volume of 1,637 shares changing hands.

Wall Street Analysts Forecast Growth

CPAC has been the subject of a number of research reports. JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $7.50 to $13.00 in a research note on Wednesday, March 4th. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, 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. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Price Performance

The business has a 50-day moving average price of $10.65 and a 200 day moving average price of $10.24. The company has a market cap of $906.19 million, a price-to-earnings ratio of 17.52 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%.The company had revenue of $158.95 million during the quarter, compared to the consensus estimate of $146.77 million. As a group, research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $129,000. LPL Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $155,000. Millennium Management LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $167,000. BNP Paribas Financial Markets lifted its holdings in shares of Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after purchasing an additional 6,054 shares in the last quarter.

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.