Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 12-Month High – What’s Next?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.50 and last traded at $11.76, with a volume of 6754 shares trading hands. The stock had previously closed at $10.66.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CPAC. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. upgraded shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Finally, Zacks Research raised shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Trading Up 13.0%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 1.17. The company has a 50-day simple moving average of $10.65 and a 200 day simple moving average of $10.24. The company has a market capitalization of $1.02 billion, a P/E ratio of 19.69 and a beta of 0.75.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%.The company had revenue of $158.95 million during the quarter, compared to analysts’ expectations of $146.77 million. Sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after buying an additional 1,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after buying an additional 6,054 shares during the period. Virtu Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $129,000. LPL Financial LLC acquired a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $155,000. Finally, Millennium Management LLC bought a new position in Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $167,000.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.