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.
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.
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