Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up – What’s Next?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) gapped up prior to trading on Tuesday . The stock had previously closed at $7.28, but opened at $7.50. Cementos Pacasmayo S.A.A. shares last traded at $7.2350, with a volume of 1,447 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on CPAC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cementos Pacasmayo S.A.A. in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of 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. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.95.

Cementos Pacasmayo S.A.A. Stock Performance

The firm’s fifty day moving average is $7.14 and its 200 day moving average is $6.44. The firm has a market capitalization of $612.07 million, a price-to-earnings ratio of 10.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $162.44 million during the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.83%. On average, analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 21st will be paid a $0.6018 dividend. The ex-dividend date of this dividend is Friday, November 21st. Cementos Pacasmayo S.A.A.’s payout ratio is presently 78.57%.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted 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 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.