Cementos Pacasmayo S.A.A. (NYSE:CPAC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) to a buy rating in a report published on Saturday.

Several other equities analysts have also commented on the stock. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Scotiabank increased their price target on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cementos Pacasmayo S.A.A. currently has an average rating of “Hold” and an average target price of $10.15.

Cementos Pacasmayo S.A.A. Price Performance

Shares of NYSE CPAC opened at $10.27 on Friday. The business has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $7.36. The company has a quick ratio of 0.49, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. Cementos Pacasmayo S.A.A. has a fifty-two week low of $5.10 and a fifty-two week high of $11.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The company had revenue of $165.53 million for the quarter, compared to analyst estimates of $159.70 million. On average, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 21st were given a $0.6018 dividend. The ex-dividend date was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets increased its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

About Cementos Pacasmayo S.A.A.

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.