Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-high trading volume on Thursday . Approximately 61,332 shares changed hands during trading, an increase of 81% from the previous session’s volume of 33,902 shares.The stock last traded at $11.8050 and had previously closed at $11.87.

Wall Street Analyst Weigh In

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

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

The company has a market cap of $1.01 billion, a P/E ratio of 19.57 and a beta of 0.75. 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 firm’s 50 day moving average price is $10.67 and its 200-day moving average price is $10.27.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.17. The firm had revenue of $158.94 million for the quarter, compared to analyst estimates of $146.76 million. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%. As a group, equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position 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 purchasing an additional 1,900 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at approximately $155,000. Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $958,000 after buying an additional 6,054 shares in the last quarter. Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $167,000. Finally, Virtu Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth $129,000.

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.