Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $11.50 and last traded at $11.76, with a volume of 6754 shares traded. The stock had previously closed at $10.66.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.90.
Check Out Our Latest Stock Report on CPAC
Cementos Pacasmayo S.A.A. Price Performance
Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last released its earnings results on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. The company had revenue of $158.94 million during the quarter, compared to the consensus estimate of $146.76 million. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%. On average, analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.
Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.
A number of hedge funds have recently made changes to their positions in CPAC. Virtu Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $129,000. LPL Financial LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth $155,000. Millennium Management LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth $167,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 1,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares during the last quarter.
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.
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