Cementos Pacasmayo ADR (CPAC) Given Average Rating of “Hold” by Brokerages

Shares of Cementos Pacasmayo ADR (NYSE:CPAC) have received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.00.

Several equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Cementos Pacasmayo from a “b-” rating to a “c+” rating in a research note on Friday, February 15th. Zacks Investment Research lowered shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd.

An institutional investor recently bought a new position in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new position in shares of Cementos Pacasmayo ADR (NYSE:CPAC) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. Institutional investors own 4.16% of the company’s stock.

Shares of CPAC stock traded up $0.11 during mid-day trading on Thursday, hitting $9.96. 3,534 shares of the stock were exchanged, compared to its average volume of 1,860. The company has a quick ratio of 0.74, a current ratio of 2.38 and a debt-to-equity ratio of 0.70. Cementos Pacasmayo has a 52-week low of $8.96 and a 52-week high of $14.11. The firm has a market cap of $844.31 million, a P/E ratio of 26.92, a PEG ratio of 0.70 and a beta of 0.77.

Cementos Pacasmayo (NYSE:CPAC) last posted its earnings results on Tuesday, February 12th. The construction company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Cementos Pacasmayo had a return on equity of 7.15% and a net margin of 6.14%. The firm had revenue of $101.52 million for the quarter, compared to analysts’ expectations of $101.48 million. On average, analysts anticipate that Cementos Pacasmayo will post 0.49 earnings per share for the current fiscal year.

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.

Recommended Story: What Factors Can Affect Return on Equity?

Receive News & Ratings for Cementos Pacasmayo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cementos Pacasmayo and related companies with MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit