Santander upgraded shares of Cementos Pacasmayo (NYSE:CPAC) from a hold rating to a buy rating in a research note released on Friday, The Fly reports.
Several other brokerages have also recently issued reports on CPAC. Zacks Investment Research raised Cementos Pacasmayo from a sell rating to a hold rating in a report on Monday, November 5th. HSBC raised Cementos Pacasmayo from a hold rating to a buy rating and set a $13.00 price objective for the company in a report 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 given a buy rating to the company. Cementos Pacasmayo has an average rating of Hold and a consensus price target of $12.67.
Shares of CPAC stock traded down $0.52 on Friday, hitting $9.60. The company had a trading volume of 198,469 shares, compared to its average volume of 44,091. The stock has a market cap of $857.70 million, a PE ratio of 30.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 1.92 and a debt-to-equity ratio of 0.69. Cementos Pacasmayo has a twelve month low of $9.07 and a twelve month high of $14.11.
Cementos Pacasmayo (NYSE:CPAC) last issued its quarterly earnings data on Monday, October 29th. The construction company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business had revenue of $96.60 million during the quarter. Cementos Pacasmayo had a return on equity of 5.72% and a net margin of 7.94%. Sell-side analysts anticipate that Cementos Pacasmayo will post 0.46 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Thursday, December 6th. Investors of record on Friday, November 9th were paid a $0.5713 dividend. This represents a dividend yield of 5.17%. The ex-dividend date was Thursday, November 8th. This is a positive change from Cementos Pacasmayo’s previous special dividend of $0.35. Cementos Pacasmayo’s payout ratio is currently 159.38%.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. JPMorgan Chase & Co. purchased a new stake in Cementos Pacasmayo (NYSE:CPAC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 39,877 shares of the construction company’s stock, valued at approximately $417,000. Hedge funds and other 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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