Cementos Pacasmayo (CPAC) Downgraded by Zacks Investment Research to Sell

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Cementos Pacasmayo (NYSE:CPAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Cementos Pacasmayo is a cement company engaged in the distribution and selling of cement and cement-related materials, such as concrete blocks and ready-mix concrete in the North region of Peru. The Company also produces and sells quicklime for use in mining. Cementos Pacasmayo is based in Santiago de Surco, Peru. “

CPAC has been the topic of a number of other reports. UBS Group raised shares of Cementos Pacasmayo from a “sell” rating to a “neutral” rating in a research note on Monday, June 25th. ValuEngine cut shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

CPAC traded down $0.03 during trading on Tuesday, hitting $10.02. The stock had a trading volume of 2,100 shares, compared to its average volume of 7,097. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.15 and a current ratio of 3.21. The stock has a market capitalization of $848.82 million, a P/E ratio of 31.31, a P/E/G ratio of 0.67 and a beta of 1.16. Cementos Pacasmayo has a twelve month low of $9.20 and a twelve month high of $14.11.

Cementos Pacasmayo (NYSE:CPAC) last posted its quarterly earnings results on Friday, July 20th. The construction company reported $0.09 earnings per share for the quarter. Cementos Pacasmayo had a net margin of 8.28% and a return on equity of 5.86%. The business had revenue of $88.28 million for the quarter. Sell-side analysts predict that Cementos Pacasmayo will post 0.52 EPS for the current 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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