Scotiabank Increases Cementos Pacasmayo S.A.A. (NYSE:CPAC) Price Target to $12.80

Cementos Pacasmayo S.A.A. (NYSE:CPAC) had its target price hoisted by research analysts at Scotiabank from $6.40 to $12.80 in a report released on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Scotiabank’s price objective would indicate a potential upside of 23.79% from the company’s previous close.

CPAC has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.15.

Cementos Pacasmayo S.A.A. Stock Up 0.6%

Cementos Pacasmayo S.A.A. stock traded up $0.06 during midday trading on Friday, hitting $10.34. The stock had a trading volume of 21,549 shares, compared to its average volume of 23,505. Cementos Pacasmayo S.A.A. has a 12 month low of $5.10 and a 12 month high of $11.30. The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The stock has a market cap of $876.52 million, a P/E ratio of 14.77 and a beta of 0.69. The business has a fifty day moving average price of $7.27 and a 200 day moving average price of $6.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The firm had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. Research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

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 position in shares of 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 & Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

About Cementos Pacasmayo S.A.A.

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.