Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sets New 1-Year High – Time to Buy?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) reached a new 52-week high during trading on Wednesday. The company traded as high as $12.74 and last traded at $12.7070, with a volume of 961 shares trading hands. The stock had previously closed at $12.62.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday, October 6th. Finally, Scotiabank increased their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Stock Up 0.2%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 1.22. The business has a 50 day simple moving average of $12.31 and a 200-day simple moving average of $11.58. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.65 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. The firm had revenue of $163.77 million during the quarter, compared to analyst estimates of $156.89 million. On average, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,077 shares of the construction company’s stock after buying an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned approximately 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.