Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) to a buy rating in a research note released on Saturday.

CPAC has been the subject of a number of other research reports. Scotiabank upped their target price on 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 shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. One equities 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.15.

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

Cementos Pacasmayo S.A.A. stock opened at $10.27 on Friday. The company has a 50 day moving average price of $8.66 and a 200 day moving average price of $7.39. 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. has a 52 week low of $5.10 and a 52 week high of $11.30. The firm has a market capitalization of $866.39 million, a price-to-earnings ratio of 14.67 and a beta of 0.67.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.24 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $159.70 million. Research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Cementos Pacasmayo S.A.A. Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 21st were issued a dividend of $0.6018 per share. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio is currently 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 boosted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% in the second quarter, according to its most recent disclosure 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.