Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw unusually-strong trading volume on Thursday . 94,355 shares were traded during trading, an increase of 129% from the previous session’s volume of 41,166 shares.The stock last traded at $11.50 and had previously closed at $11.85.

Analysts Set New Price Targets

CPAC has been the subject of several recent research reports. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Zacks Research upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen lowered Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Four investment 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 an average target price of $12.90.

Cementos Pacasmayo S.A.A. Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.36. The business’s 50 day simple moving average is $11.06 and its 200 day simple moving average is $10.75. The company has a market capitalization of $968.07 million, a PE ratio of 18.72 and a beta of 0.73.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results 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. The business had revenue of $158.94 million during the quarter, compared to analysts’ expectations of $146.76 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. As a group, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPAC. Virtu Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at $129,000. LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $155,000. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $167,000. BNP Paribas Financial Markets increased its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares during the last quarter.

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.