Cementos Pacasmayo S.A.A. (CPAC) Given $11.50 Consensus Target Price by Brokerages
Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) have been assigned a consensus broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell recommendation and one has given a hold recommendation to the company.
Brokers have set a 12-month consensus price objective of $11.50 for the company, according to Zacks. Zacks has also assigned Cementos Pacasmayo S.A.A. an industry rank of 250 out of 265 based on the ratings given to related companies.
CPAC has been the topic of several research reports. Zacks Investment Research cut shares of Cementos Pacasmayo S.A.A. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Cementos Pacasmayo S.A.A. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC boosted their price target on shares of Cementos Pacasmayo S.A.A. from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Bank of America Corporation boosted their price target on shares of Cementos Pacasmayo S.A.A. from $9.90 to $11.00 and gave the stock an “underperform” rating in a research report on Friday, July 21st. Finally, Scotiabank cut shares of Cementos Pacasmayo S.A.A. from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $11.90 to $14.10 in a research report on Saturday, September 16th.
A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,297 shares of the construction company’s stock after buying an additional 8,067 shares during the period. Dimensional Fund Advisors LP’s holdings in Cementos Pacasmayo S.A.A. were worth $872,000 at the end of the most recent reporting period. 1.01% of the stock is owned by institutional investors and hedge funds.
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Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) traded down $0.19 during trading on Tuesday, reaching $12.45. 14,900 shares of the company’s stock traded hands, compared to its average volume of 14,288. The company has a current ratio of 3.61, a quick ratio of 1.62 and a debt-to-equity ratio of 0.59. Cementos Pacasmayo S.A.A. has a 12-month low of $8.52 and a 12-month high of $13.39. The company has a market capitalization of $1,071.54, a PE ratio of 40.77, a PEG ratio of 1.01 and a beta of 1.11.
The business also recently disclosed an annual dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.539 per share. This represents a yield of 4.17%. The ex-dividend date is Tuesday, November 14th. This is an increase from Cementos Pacasmayo S.A.A.’s previous annual dividend of $0.43.
About Cementos Pacasmayo S.A.A.
Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others.
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