Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase – Here’s Why

by · The Markets Daily

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) saw unusually-high trading volume on Friday . Approximately 36,534 shares changed hands during trading, an increase of 322% from the previous session’s volume of 8,659 shares.The stock last traded at $6.86 and had previously closed at $6.81.

Analysts Set New Price Targets

A number of brokerages have commented on CPAC. JPMorgan Chase & Co. boosted their price target on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.95.

Check Out Our Latest Report on Cementos Pacasmayo S.A.A.

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

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.40 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $7.08 and a two-hundred day simple moving average of $6.57. The firm has a market capitalization of $576.01 million, a P/E ratio of 9.71 and a beta of 0.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The company had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. On average, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 21st will be issued a $0.6018 dividend. The ex-dividend date of this dividend is Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is 78.57%.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC – Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,110 shares of the construction company’s stock after acquiring an additional 1,900 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent SEC filing.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.

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