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

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw an uptick in trading volume on Monday . 73,307 shares were traded during trading, an increase of 70% from the previous session’s volume of 43,211 shares.The stock last traded at $12.0360 and had previously closed at $11.95.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPAC. Scotiabank increased their target price on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen downgraded Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market cap of $1.02 billion, a P/E ratio of 16.63 and a beta of 0.73. The firm’s fifty day simple moving average is $11.29 and its 200 day simple moving average is $10.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its earnings results on Monday, July 20th. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%.The company had revenue of $163.77 million for the quarter, compared to the consensus estimate of $156.89 million. As a group, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPAC. Dimensional Fund Advisors LP increased its position in Cementos Pacasmayo S.A.A. by 13.4% in the first quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 12,323 shares during the last quarter. Virtu Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter valued at $129,000. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth $167,000. LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth $155,000. Finally, BNP Paribas Financial Markets increased 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 buying an additional 1,900 shares during the last quarter.

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.