Cementos Pacasmayo S.A.A. (NYSE:CPAC) Downgraded by Wall Street Zen to Hold

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

A number of other equities research analysts have also recently weighed in on CPAC. Scotiabank lifted their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a report on Friday, December 19th. Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upgraded Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE CPAC opened at $10.05 on Friday. The business has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $8.62. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $11.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 1.09.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its 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). Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.85%. The company had revenue of $166.82 million during the quarter, compared to analyst estimates of $174.95 million. Sell-side analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A number of institutional investors have recently bought and sold shares of CPAC. Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $129,000. LPL Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $155,000. Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $167,000. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 1,900 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Cementos Pacasmayo S.A.A. during the third quarter worth approximately $522,000.

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.