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

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price reached a new 52-week high on Tuesday. The stock traded as high as $12.87 and last traded at $12.8550, with a volume of 19,075 shares changing hands. The stock had previously closed at $12.80.

Analyst Ratings Changes

A number of analysts have recently commented on CPAC shares. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Scotiabank reduced their price objective on shares of Cementos Pacasmayo S.A.A. from $13.00 to $12.96 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. Finally, Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.98.

Cementos Pacasmayo S.A.A. Trading Up 0.3%

The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $12.52 and its 200 day moving average is $11.43. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.52 and a beta of 0.72.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Monday, October 26th. The construction company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.26. Cementos Pacasmayo S.A.A. had a return on equity of 20.10% and a net margin of 11.22%. The company had revenue of $193.78 million during the quarter, compared to analysts’ expectations of $182.39 million. Equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cementos Pacasmayo S.A.A. stock. State Street Corp bought a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,300 shares of the construction company’s stock, valued at approximately $137,000.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. is a Peruvian building materials company focused on producing and selling cement and related construction products. Its offerings include concrete, precast concrete products, aggregates and lime, serving residential, commercial and infrastructure construction needs. Founded in 1949, the company has a long-standing presence in northern Peru. It operates cement plants in Pacasmayo, Piura and Rioja, and distributes products through its commercial network, including the DINO brand.