Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on the stock. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Scotiabank reduced their price objective on shares of Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cementos Pacasmayo S.A.A. presently has a consensus rating of “Hold” and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Trading Down 0.3%

Shares of Cementos Pacasmayo S.A.A. stock opened at $12.72 on Friday. Cementos Pacasmayo S.A.A. has a 52-week low of $6.25 and a 52-week high of $12.87. The stock’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $11.36. The stock has a market capitalization of $1.08 billion, a P/E ratio of 14.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.50 and a current ratio of 1.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Monday, October 26th. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.26. The firm had revenue of $193.78 million during the quarter, compared to analyst estimates of $182.39 million. Cementos Pacasmayo S.A.A. had a net margin of 11.22% and a return on equity of 20.10%. As a group, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

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

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned about 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.