Cementos Pacasmayo (CPAC) Raised to “Buy” at HSBC
Cementos Pacasmayo (NYSE:CPAC) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.
CPAC has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Cementos Pacasmayo from a “sell” rating to a “hold” rating in a report on Monday, November 5th. ValuEngine downgraded shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.67.
CPAC stock opened at $9.57 on Monday. Cementos Pacasmayo has a one year low of $9.07 and a one year high of $14.11. The firm has a market capitalization of $811.23 million, a PE ratio of 29.90, a PEG ratio of 0.72 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 1.92 and a debt-to-equity ratio of 0.69.
An institutional investor recently bought a new position in Cementos Pacasmayo stock. JPMorgan Chase & Co. purchased a new stake in Cementos Pacasmayo (NYSE:CPAC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 39,877 shares of the construction company’s stock, valued at approximately $417,000. Hedge funds and other institutional investors own 4.02% of the company’s stock.
Cementos Pacasmayo Company Profile
Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.
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