Posted by admin on Apr 19th, 2022

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

NYSE:CPAC traded up $0.02 during mid-day trading on Tuesday, reaching $6.19. The stock had a trading volume of 6,694 shares, compared to its average volume of 9,488. The stock has a market cap of $524.73 million, a P/E ratio of 13.76 and a beta of 0.34. Cementos Pacasmayo S.A.A. has a 1-year low of $5.11 and a 1-year high of $8.30. The business has a 50 day simple moving average of $6.60. The company has a quick ratio of 0.56, a current ratio of 1.40 and a debt-to-equity ratio of 0.92.

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Rating) last posted its quarterly earnings results on Monday, February 14th. The construction company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The business had revenue of $130.32 million during the quarter. Cementos Pacasmayo S.A.A. had a return on equity of 12.37% and a net margin of 7.85%. As a group, analysts predict that Cementos Pacasmayo S.A.A. will post 0.81 EPS for the current fiscal year.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP raised its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Rating) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,274 shares of the construction company’s stock after acquiring an additional 9,633 shares during the period. Dimensional Fund Advisors LP owned 0.11% of Cementos Pacasmayo S.A.A. worth $484,000 as of its most recent SEC filing.

Cementos Pacasmayo S.A.A. Company Profile (Get Rating)

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. The company operates in three segments: Cement, Concrete and Precast; 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 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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