Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase – Time to Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-high trading volume on Tuesday . Approximately 26,000 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 44,478 shares.The stock last traded at $11.7010 and had previously closed at $11.85.

Analyst Upgrades and Downgrades

CPAC has been the topic of several analyst reports. Scotiabank lifted their price target on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Finally, Zacks Research upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Trading Up 2.4%

The business’s 50-day simple moving average is $11.89 and its two-hundred day simple moving average is $11.05. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.28 and a beta of 0.74. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.12 by $0.14. The firm had revenue of $163.77 million for the quarter, compared to analyst estimates of $156.89 million. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

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

A number of institutional investors have recently modified their holdings of CPAC. Virtu Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $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 purchased a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $167,000. BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing 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.