Wall Street Zen Upgrades Cementos Pacasmayo S.A.A. (NYSE:CPAC) to “Strong-Buy”

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Cementos Pacasmayo S.A.A. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. upgraded Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $7.50 to $13.00 in a research note on Wednesday, March 4th. Finally, Weiss Ratings downgraded Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Performance

Shares of NYSE CPAC opened at $10.70 on Friday. The business’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $9.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.36. Cementos Pacasmayo S.A.A. has a one year low of $5.20 and a one year high of $11.50. The company has a market capitalization of $906.95 million, a P/E ratio of 17.54 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results 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 firm had revenue of $158.95 million for the quarter, compared to the consensus estimate of $146.77 million. Analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Large investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 3rd quarter worth about $522,000. LPL Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth about $155,000. Millennium Management LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth about $167,000. BNP Paribas Financial Markets boosted 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 acquiring an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cementos Pacasmayo S.A.A. by 7.1% during 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.

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.