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

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price hit a new 52-week high on Wednesday. The stock traded as high as $12.74 and last traded at $12.7070, with a volume of 961 shares traded. The stock had previously closed at $12.62.

Analyst Ratings Changes

Several equities research analysts have issued reports on CPAC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cementos Pacasmayo S.A.A. in a research note on Tuesday, October 6th. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Finally, Scotiabank upped their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The stock’s 50-day simple moving average is $12.31 and its 200 day simple moving average is $11.58. The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 17.65 and a beta of 0.76.

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

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 104,077 shares of the construction company’s stock after acquiring an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent reporting period.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.