Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Rating Upgraded by Wall Street Zen

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on CPAC. Scotiabank reduced their price target on 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. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Stock Up 0.2%

Shares of NYSE:CPAC opened at $12.78 on Friday. The company has a market cap of $1.08 billion, a PE ratio of 14.36 and a beta of 0.72. The firm has a 50 day simple moving average of $12.43 and a 200 day simple moving average of $11.35. Cementos Pacasmayo S.A.A. has a 52 week low of $6.25 and a 52 week high of $12.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 1.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Monday, October 26th. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.26. The company had revenue of $193.78 million for the quarter, compared to the consensus estimate 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 expect that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP increased its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,077 shares of the construction company’s stock after acquiring an additional 12,323 shares during the period. 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.

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.