Cementos Pacasmayo (CPAC) Upgraded at Santander
Santander upgraded shares of Cementos Pacasmayo (NYSE:CPAC) from a hold rating to a buy rating in a report released on Friday, The Fly reports.
Several other research firms have also commented on CPAC. Zacks Investment Research upgraded Cementos Pacasmayo from a sell rating to a hold rating in a research note on Monday, November 5th. HSBC upgraded Cementos Pacasmayo from a hold rating to a buy rating and set a $13.00 price objective for the company in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.67.
NYSE:CPAC traded down $0.52 during trading hours on Friday, hitting $9.60. 198,469 shares of the stock were exchanged, compared to its average volume of 44,091. Cementos Pacasmayo has a 52-week low of $9.07 and a 52-week high of $14.11. The company has a current ratio of 1.92, a quick ratio of 0.72 and a debt-to-equity ratio of 0.69. The firm has a market cap of $857.70 million, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10.
The business also recently declared a special dividend, which was paid on Thursday, December 6th. Stockholders of record on Friday, November 9th were given a $0.5713 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This is a positive change from Cementos Pacasmayo’s previous special dividend of $0.35. This represents a dividend yield of 5.17%. Cementos Pacasmayo’s dividend payout ratio is 159.38%.
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 its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,877 shares of the construction company’s stock, valued at approximately $417,000. Hedge funds and other institutional investors own 3.95% 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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