Brokerages Set $11.85 Target Price for Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (CPAC)

Shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (NYSE:CPAC) have been assigned a consensus broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.

Brokers have set a 1 year consensus target price of $11.85 for the company, according to Zacks. Zacks has also assigned Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) an industry rank of 69 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Barclays boosted their price target on Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Finally, BidaskClub downgraded Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st.

Shares of Cementos Pacasmayo S.A.A. American Depositary Shares (NYSE CPAC) traded up $0.10 during trading hours on Wednesday, reaching $12.20. The company’s stock had a trading volume of 417 shares, compared to its average volume of 6,639. The stock has a market cap of $1,021.53, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 0.78 and a beta of 1.15. Cementos Pacasmayo S.A.A. American Depositary Shares has a fifty-two week low of $9.04 and a fifty-two week high of $13.49. The company has a current ratio of 3.61, a quick ratio of 1.62 and a debt-to-equity ratio of 0.59.

Several large investors have recently made changes to their positions in CPAC. Dimensional Fund Advisors LP grew its stake in shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 76,297 shares of the construction company’s stock valued at $872,000 after acquiring an additional 8,067 shares during the period. Investec Asset Management LTD grew its stake in shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) by 24.0% during the 3rd quarter. Investec Asset Management LTD now owns 265,939 shares of the construction company’s stock valued at $3,385,000 after acquiring an additional 51,464 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) during the 4th quarter valued at approximately $160,000. Institutional investors own 4.41% of the company’s stock.

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About Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five )

Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others.

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