Cementos Pacasmayo S.A.A. (NYSE:CPAC) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPACFree Report) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also commented on CPAC. JPMorgan Chase & Co. raised Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $7.50 to $13.00 in a report on Wednesday, March 4th. Weiss Ratings lowered Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen raised Cementos Pacasmayo S.A.A. from a “hold” rating to a “strong-buy” rating in a report on Saturday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.90.

Read Our Latest Stock Report on CPAC

Cementos Pacasmayo S.A.A. Stock Down 0.4%

Cementos Pacasmayo S.A.A. stock opened at $10.51 on Monday. The firm has a market cap of $890.85 million, a price-to-earnings ratio of 17.23 and a beta of 0.77. Cementos Pacasmayo S.A.A. has a 52 week low of $5.40 and a 52 week high of $11.50. The business’s 50-day moving average price is $10.53 and its 200 day moving average price is $9.52. The company has a quick ratio of 0.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.66.

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) last posted its earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%.The firm had revenue of $158.95 million for the quarter, compared to analyst estimates of $146.77 million. As a group, sell-side analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.47 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $129,000. LPL Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $155,000. Millennium Management LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $167,000. BNP Paribas Financial Markets boosted its stake in shares of Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the third quarter worth approximately $522,000.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

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.

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