Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sets New 1-Year High – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $11.48 and last traded at $11.2710, with a volume of 18445 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CPAC shares. JPMorgan Chase & Co. upped their price objective on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a research report on Tuesday, November 4th. Wall Street Zen raised shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, January 17th. 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. Finally, Scotiabank upped their price objective 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. 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 stock. According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and a consensus target price of $10.15.

Cementos Pacasmayo S.A.A. Stock Up 2.7%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49. The business’s 50 day moving average price is $8.88 and its 200 day moving average price is $7.48. The firm has a market cap of $955.44 million, a PE ratio of 16.10 and a beta of 0.67.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data 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 analysts’ expectations of $159.70 million. On average, equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Company Profile

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.