Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 12-Month High – Time to Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price reached a new 52-week high on Friday . The company traded as high as $11.48 and last traded at $11.2710, with a volume of 18445 shares. The stock had previously closed at $10.98.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Scotiabank boosted their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, January 17th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Price Performance

The stock’s 50 day simple moving average is $8.88 and its 200-day simple moving average is $7.48. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40. The firm has a market cap of $955.44 million, a price-to-earnings ratio of 16.10 and a beta of 0.67.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $165.53 million for the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%. Equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 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. BNP Paribas Financial Markets lifted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after buying an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

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.