Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Gets Price Target Reduction from Scotiabank

Cementos Pacasmayo S.A.A. (NYSE:CPAC) had its target price reduced by Scotiabank from $13.00 to $12.96 in a report issued on Wednesday morning, Marketbeat Ratings reports. Scotiabank currently has a sector perform rating on the construction company’s stock.

CPAC has been the subject of several other reports. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.98.

Cementos Pacasmayo S.A.A. Trading Up 0.2%

Shares of CPAC opened at $12.78 on Wednesday. Cementos Pacasmayo S.A.A. has a fifty-two week low of $6.25 and a fifty-two week high of $12.87. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 14.36 and a beta of 0.76. The firm has a 50 day moving average price of $12.43 and a 200-day moving average price of $11.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.50 and a current ratio of 1.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Monday, October 26th. The construction company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.15 by $0.26. The company had revenue of $193.78 million for the quarter, compared to analyst estimates of $182.39 million. Cementos Pacasmayo S.A.A. had a net margin of 11.22% and a return on equity of 20.10%. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based building materials company focused on the production, distribution and sale of cement and related construction products. Its portfolio includes cement, ready-mix concrete, concrete products, aggregates, mortar and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated production and distribution network serving northern and northeastern Peru. Its operations include cement manufacturing facilities in Pacasmayo and Rioja, as well as a cement plant in Piura, supporting distribution across the region through commercial, industrial and retail channels.

Cementos Pacasmayo is listed on the Lima Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol CPAC.