Shares of Cementos Pacasmayo ADR (NYSE:CPAC) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.00.
A number of equities analysts recently issued reports on the company. TheStreet lowered Cementos Pacasmayo from a “b-” rating to a “c+” rating in a report on Friday, February 15th. Zacks Investment Research lowered Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd.
NYSE:CPAC opened at $9.15 on Monday. The company has a market cap of $769.75 million, a PE ratio of 24.73, a P/E/G ratio of 0.66 and a beta of 0.73. Cementos Pacasmayo has a 52 week low of $8.59 and a 52 week high of $13.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.83 and a quick ratio of 0.80.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new position in Cementos Pacasmayo ADR (NYSE:CPAC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. 4.15% of the stock is currently owned by institutional investors and hedge funds.
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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