Cementos Pacasmayo S.A.A. (NYSE:CPAC) Hits New 52-Week High – Time to Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) hit a new 52-week high during trading on Friday . The stock traded as high as $12.71 and last traded at $12.65, with a volume of 2281 shares. The stock had previously closed at $12.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CPAC shares. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Finally, Scotiabank boosted their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.00.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50. The stock has a market cap of $1.07 billion, a P/E ratio of 17.53 and a beta of 0.76. The firm’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $11.12.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $156.89 million. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A number of large investors have recently modified their holdings of CPAC. Virtu Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter worth about $129,000. LPL Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $155,000. Millennium Management LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $167,000. BNP Paribas Financial Markets lifted its position in Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after purchasing an additional 6,054 shares during the last 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.