Cementos Pacasmayo (CPAC) Upgraded at Zacks Investment Research

Cementos Pacasmayo (NYSE:CPAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Cementos Pacasmayo is a cement company engaged in the distribution and selling of cement and cement-related materials, such as concrete blocks and ready-mix concrete in the North region of Peru. The Company also produces and sells quicklime for use in mining. Cementos Pacasmayo is based in Santiago de Surco, Peru. “

CPAC has been the subject of several other research reports. Santander upgraded Cementos Pacasmayo from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. HSBC upgraded Cementos Pacasmayo from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.67.

NYSE:CPAC traded down $0.35 during trading hours on Monday, hitting $9.92. The company’s stock had a trading volume of 4,700 shares, compared to its average volume of 2,207. The stock has a market capitalization of $847.70 million, a price-to-earnings ratio of 31.00, a PEG ratio of 0.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.72 and a current ratio of 1.92. Cementos Pacasmayo has a 52-week low of $8.96 and a 52-week high of $14.11.

An institutional investor recently bought a new position in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new stake in Cementos Pacasmayo (NYSE:CPAC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. 3.95% of the stock is owned by institutional investors.

Cementos Pacasmayo Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.

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