Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.85 and traded as high as $10.78. Cementos Pacasmayo S.A.A. shares last traded at $10.7390, with a volume of 7,809 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on CPAC shares. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $7.50 to $13.00 in a report on Wednesday, March 4th. Wall Street Zen lowered shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. has an average rating of “Hold” and a consensus price target of $12.90.

Read Our Latest Analysis on Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. Stock Performance

The firm’s 50 day moving average is $10.53 and its 200-day moving average is $9.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.36 and a current ratio of 1.17. The company has a market cap of $910.35 million, a PE ratio of 17.60 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.17. The firm had revenue of $158.95 million during the quarter, compared to analysts’ expectations of $146.77 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. On average, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth $129,000. LPL Financial LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $155,000. Millennium Management LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $167,000. BNP Paribas Financial Markets increased its holdings in Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after buying an additional 1,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after buying an additional 6,054 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

(Get Free Report)

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.

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