Cementos Pacasmayo S.A.A. (NYSE:CPAC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other research analysts also recently commented on CPAC. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Scotiabank boosted their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a report on Friday, December 19th. Finally, Weiss Ratings downgraded Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Cementos Pacasmayo S.A.A. currently has a consensus rating of “Hold” and a consensus price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Up 3.6%

CPAC stock opened at $10.27 on Friday. The stock has a fifty day moving average of $10.68 and a 200-day moving average of $8.66. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $11.50. The company has a market capitalization of $870.16 million, a price-to-earnings ratio of 20.95 and a beta of 0.69. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 1.09.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Friday, February 13th. The construction company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $166.82 million for the quarter, compared to analysts’ expectations of $174.95 million. Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.85%. As a group, equities research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

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

Hedge funds have recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in Cementos Pacasmayo S.A.A. during the 3rd quarter worth approximately $522,000. Dimensional Fund Advisors LP boosted its holdings in Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after purchasing an additional 6,054 shares during the period. BNP Paribas Financial Markets boosted its holdings in 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 valued at $179,000 after purchasing an additional 1,900 shares during the period. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $167,000. Finally, LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $155,000.

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.