Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume – What’s Next?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-strong trading volume on Tuesday . Approximately 59,624 shares were traded during mid-day trading, an increase of 134% from the previous session’s volume of 25,465 shares.The stock last traded at $10.7250 and had previously closed at $10.80.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPAC. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. JPMorgan Chase & Co. boosted their target price on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, January 17th. Finally, Scotiabank lifted their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.15.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $903.56 million, a PE ratio of 21.75 and a beta of 0.68. The firm’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $8.06.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The firm had revenue of $166.82 million during the quarter, compared to analysts’ expectations of $174.95 million. Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.60%. On average, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

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

Several hedge funds have recently modified their holdings of the business. Benjamin Edwards Inc. bought a new position in Cementos Pacasmayo S.A.A. in the third quarter worth approximately $522,000. Dimensional Fund Advisors LP raised its position in shares of Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after acquiring an additional 6,054 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after purchasing an additional 1,900 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $155,000.

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.