Cementos Pacasmayo S.A.A. (NYSE:CPAC) Reaches New 1-Year High – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as $12.87 and last traded at $12.8550, with a volume of 19,075 shares traded. The stock had previously closed at $12.80.

Analyst Ratings Changes

Several research firms have recently commented on CPAC. 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 cut their price target 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 report on Wednesday, October 28th. Finally, Wall Street Zen upgraded Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Price Performance

The stock’s fifty day moving average price is $12.50 and its 200-day moving average price is $11.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 1.30. The firm has a market cap of $1.09 billion, a PE ratio of 14.44 and a beta of 0.72.

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 the consensus estimate of $0.15 by $0.26. The company had revenue of $193.78 million for 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, equities analysts forecast 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 raised its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to its most recent disclosure 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 period. 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.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo S.A.A. is a Peruvian building materials company focused on producing and selling cement and related construction products. Its offerings include concrete, precast concrete products, aggregates and lime, serving residential, commercial and infrastructure construction needs. Founded in 1949, the company has a long-standing presence in northern Peru. It operates cement plants in Pacasmayo, Piura and Rioja, and distributes products through its commercial network, including the DINO brand.