Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) from an underweight rating to a neutral rating in a research note released on Wednesday, MarketBeat reports. They currently have $13.00 price target on the construction company’s stock, up from their prior price target of $7.50.

Several other analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Scotiabank increased their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research report on Friday, December 19th. Finally, Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, January 17th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Up 0.5%

NYSE:CPAC opened at $10.54 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.09 and a debt-to-equity ratio of 0.74. Cementos Pacasmayo S.A.A. has a 1 year low of $5.10 and a 1 year high of $11.50. The stock has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $8.47.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its earnings results on Friday, February 13th. The construction company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $166.82 million for the quarter, compared to analysts’ expectations of $174.95 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.85% and a net margin of 7.11%. On average, equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $129,000. LPL Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $155,000. Millennium Management LLC acquired a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $167,000. BNP Paribas Financial Markets raised its stake in 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 valued at $179,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in Cementos Pacasmayo S.A.A. during the 3rd quarter valued at approximately $522,000.

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.