Cementos Pacasmayo ADR (NYSE:CPAC) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.00.
A number of brokerages have issued reports on CPAC. ValuEngine downgraded shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Zacks Investment Research downgraded shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Finally, UBS Group upgraded shares of Cementos Pacasmayo from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 24th.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. Aperio Group LLC purchased a new stake in Cementos Pacasmayo ADR (NYSE:CPAC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,161 shares of the construction company’s stock, valued at approximately $28,000. 3.98% of the stock is currently owned by institutional investors and hedge funds.
Cementos Pacasmayo (NYSE:CPAC) last announced its quarterly earnings data on Wednesday, July 17th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $96.91 million for the quarter, compared to the consensus estimate of $92.25 million. Cementos Pacasmayo had a net margin of 6.54% and a return on equity of 7.79%. On average, analysts expect that Cementos Pacasmayo will post 0.49 earnings per share for the current fiscal year.
About Cementos Pacasmayo
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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