Cementos Pacasmayo (NYSE:CPAC) was upgraded by investment analysts at Santander from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports.
Several other brokerages also recently commented on CPAC. Zacks Investment Research raised shares of Cementos Pacasmayo from a “sell” rating to a “hold” rating in a research note on Monday, November 19th. HSBC raised shares of Cementos Pacasmayo from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.67.
Shares of CPAC traded down $0.66 during mid-day trading on Friday, reaching $9.46. The company’s stock had a trading volume of 186,877 shares, compared to its average volume of 1,308. The firm has a market cap of $840.11 million, a price-to-earnings ratio of 29.56, a PEG ratio of 0.75 and a beta of 1.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.72 and a current ratio of 1.92. Cementos Pacasmayo has a 52 week low of $9.07 and a 52 week high of $14.11.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new position in Cementos Pacasmayo (NYSE:CPAC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. Institutional investors own 3.95% of the company’s stock.
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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