Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 12-Month High – Should You Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $12.74 and last traded at $12.7070, with a volume of 961 shares changing hands. The stock had previously closed at $12.62.

Analysts Set New Price Targets

Several research firms recently issued reports on CPAC. Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Wall Street Zen raised Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Stock Up 1.1%

The business’s fifty day simple moving average is $12.33 and its 200 day simple moving average is $11.61. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 17.58 and a beta of 0.76. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $156.89 million. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its position 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 the company in its most recent disclosure 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 period. Dimensional Fund Advisors LP owned approximately 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.