Shares of Cementos Pacasmayo (NYSE:CPAC) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.78.
A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Cementos Pacasmayo from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, UBS Group upgraded shares of Cementos Pacasmayo from a “sell” rating to a “neutral” rating in a report on Monday, June 25th.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. Renaissance Technologies LLC purchased a new stake in shares of Cementos Pacasmayo (NYSE:CPAC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,933 shares of the construction company’s stock, valued at approximately $160,000. Hedge funds and other institutional investors own 4.06% of the company’s stock.
Shares of NYSE CPAC opened at $9.60 on Friday. The stock has a market cap of $833.33 million, a PE ratio of 30.00, a price-to-earnings-growth ratio of 0.61 and a beta of 1.12. Cementos Pacasmayo has a 1 year low of $9.20 and a 1 year high of $14.11. The company has a quick ratio of 1.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.62.
Cementos Pacasmayo (NYSE:CPAC) last issued its quarterly earnings data on Friday, July 20th. The construction company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $88.28 million during the quarter. Cementos Pacasmayo had a net margin of 8.28% and a return on equity of 5.86%. research analysts anticipate that Cementos Pacasmayo will post 0.56 EPS for the current fiscal year.
About Cementos Pacasmayo
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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