Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down – Time to Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.63, but opened at $10.30. Cementos Pacasmayo S.A.A. shares last traded at $10.42, with a volume of 4,294 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CPAC shares. Scotiabank raised their target price on shares of Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the company a “sector perform” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.15.

Cementos Pacasmayo S.A.A. Trading Up 0.9%

The firm’s 50 day moving average price is $7.41 and its 200-day moving average price is $6.76. The stock has a market cap of $887.46 million, a P/E ratio of 14.95 and a beta of 0.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.19%. The company had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 21st were issued a $0.6018 dividend. The ex-dividend date of this dividend was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 80.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. acquired a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned approximately 0.09% of Cementos Pacasmayo S.A.A. as of its most recent filing with the Securities and Exchange Commission.

About Cementos Pacasmayo S.A.A.

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.