Cementos Pacasmayo S.A.A. (NYSE:CPAC) Reaches New 1-Year High – Time to Buy?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) hit a new 52-week high during trading on Wednesday . The company traded as high as $11.50 and last traded at $11.76, with a volume of 6754 shares traded. The stock had previously closed at $10.66.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research raised Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $10.65 and a 200-day moving average price of $10.24. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.69 and a beta of 0.75.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share (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 company had revenue of $158.95 million during the quarter, compared to analysts’ expectations of $146.77 million. As a group, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Several hedge funds have recently modified their holdings of CPAC. BNP Paribas Financial Markets boosted its holdings in shares of Cementos Pacasmayo S.A.A. by 6.7% in 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. Dimensional Fund Advisors LP boosted its stake in Cementos Pacasmayo S.A.A. by 7.1% in 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. Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth $129,000. LPL Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $155,000. Finally, Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $167,000.

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.