Cementos Pacasmayo (NYSE:CPAC) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “Cementos Pacasmayo is a cement company engaged in the distribution and selling of cement and cement-related materials, such as concrete blocks and ready-mix concrete in the North region of Peru. The Company also produces and sells quicklime for use in mining. Cementos Pacasmayo is based in Santiago de Surco, Peru. “
Separately, ValuEngine downgraded Cementos Pacasmayo from a hold rating to a sell rating in a report on Thursday, April 30th.
Cementos Pacasmayo (NYSE:CPAC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $0.04 EPS for the quarter. The business had revenue of $88.12 million during the quarter. Cementos Pacasmayo had a return on equity of 7.58% and a net margin of 8.18%. As a group, sell-side analysts predict that Cementos Pacasmayo will post 0.02 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. Bank of New York Mellon Corp bought a new stake in Cementos Pacasmayo ADR (NYSE:CPAC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,398 shares of the construction company’s stock, valued at approximately $95,000. 0.19% of the stock is owned by institutional investors.
About Cementos Pacasmayo
Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.
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