Cementos Pacasmayo (NYSE:CPAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
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. “
Separately, ValuEngine cut shares of Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.67.
NYSE CPAC opened at $10.94 on Monday. Cementos Pacasmayo has a 52 week low of $9.20 and a 52 week high of $14.11. The company has a quick ratio of 0.72, a current ratio of 1.92 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $877.41 million, a price-to-earnings ratio of 34.19, a PEG ratio of 0.69 and a beta of 1.07.
Cementos Pacasmayo (NYSE:CPAC) last posted its earnings results on Monday, October 29th. The construction company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Cementos Pacasmayo had a net margin of 7.94% and a return on equity of 5.72%. The firm had revenue of $96.60 million during the quarter. As a group, equities analysts expect that Cementos Pacasmayo will post 0.52 earnings per share for the current year.
About Cementos Pacasmayo
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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