Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 22,030 shares, a decrease of 49.6% from the August 31st total of 43,731 shares. Based on an average daily volume of 24,571 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are short sold.

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

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,077 shares of the construction company’s stock after buying an additional 12,323 shares during the quarter. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Scotiabank upped their price objective on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Wall Street Zen raised Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

Shares of NYSE:CPAC opened at $12.17 on Tuesday. Cementos Pacasmayo S.A.A. has a 12 month low of $6.25 and a 12 month high of $12.74. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.03 billion, a P/E ratio of 16.90 and a beta of 0.76. The company has a 50 day moving average of $12.16 and a 200 day moving average of $11.33.

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

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its product portfolio includes cement, ready-mix concrete, mortar, concrete products, aggregates and quicklime, serving residential, commercial, industrial and infrastructure construction markets.

Founded in 1949, the company primarily serves northern and northeastern Peru through an integrated network of manufacturing plants, distribution facilities and sales channels.