Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $7.23, but opened at $6.58. Cementos Pacasmayo S.A.A. shares last traded at $6.6750, with a volume of 8,344 shares traded.

Analysts Set New Price Targets

CPAC has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cementos Pacasmayo S.A.A. in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $6.95.

Cementos Pacasmayo S.A.A. Stock Performance

The company’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $6.46. The stock has a market capitalization of $565.87 million, a P/E ratio of 9.54 and a beta of 0.78. The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 0.73.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $162.44 million for the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a return on equity of 17.83% and a net margin of 10.68%. As a group, sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 21st will be given a dividend of $0.6018 per share. The ex-dividend date is Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is 78.57%.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,110 shares of the construction company’s stock after buying an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.