Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume on Analyst Upgrade

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw unusually-high trading volume on Friday after Scotiabank raised their price target on the stock from $6.40 to $12.80. Scotiabank currently has a sector perform rating on the stock. Approximately 19,484 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 23,505 shares.The stock last traded at $10.2650 and had previously closed at $10.28.

Several other brokerages also recently issued reports on CPAC. 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 report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. acquired a new stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned about 0.09% of Cementos Pacasmayo S.A.A. at the end of the most recent reporting period.

Cementos Pacasmayo S.A.A. Stock Performance

The company’s fifty day moving average price is $7.27 and its two-hundred day moving average price is $6.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40. The firm has a market capitalization of $882.46 million, a PE ratio of 14.86 and a beta of 0.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $165.53 million for the quarter, compared to analyst estimates of $159.70 million. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%. As a group, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 21st were given a dividend of $0.6018 per share. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s payout ratio is 80.00%.

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.