Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Update
by Renee Jackson · The Cerbat GemCementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 41,312 shares, an increase of 89.4% from the November 30th total of 21,817 shares. Based on an average trading volume of 22,253 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 22,253 shares, the short-interest ratio is currently 1.9 days.
Cementos Pacasmayo S.A.A. Stock Down 1.1%
Shares of CPAC traded down $0.12 during trading hours on Monday, hitting $10.39. 19,680 shares of the company were exchanged, compared to its average volume of 23,918. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.49 and a current ratio of 1.40. The company has a market cap of $880.34 million, a PE ratio of 14.84 and a beta of 0.69. The firm’s 50 day moving average is $7.67 and its 200-day moving average is $6.89. Cementos Pacasmayo S.A.A. has a 52 week low of $5.10 and a 52 week high of $11.30.
Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last posted its 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 firm had revenue of $165.53 million during the quarter, compared to analyst estimates of $159.70 million. On average, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.
Cementos Pacasmayo S.A.A. Dividend Announcement
The company also recently announced a special dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 21st were paid a $0.6018 dividend. The ex-dividend date was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is presently 80.00%.
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 grew its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC – Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,110 shares of the construction company’s stock after purchasing an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent filing with the SEC.
Analysts Set New Price Targets
CPAC has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Monday, December 22nd. Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on 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. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.15.
Read Our Latest Analysis on CPAC
About Cementos Pacasmayo S.A.A.
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.