Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares opened higher at $7.50, up from $7.28, but last traded at $7.2350. Analysts have mixed ratings, with JPMorgan increasing the price target to $7.50 but maintaining an "underweight" rating. The company announced a special dividend of $0.6018 per share, payable on December 18th. BNP Paribas increased its holdings by 6.7% in the 2nd quarter. Cementos Pacasmayo S.A.A. has a market cap of $612.07 million and reported strong quarterly earnings, beating estimates.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.28, but opened at $7.50. Cementos Pacasmayo S.A.A. shares last traded at $7.2350, with a volume of 1,447 shares traded.

Analysts Set New Price Targets

CPAC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an "underweight" rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cementos Pacasmayo S.A.A. in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Cementos Pacasmayo S.A.A. has an average rating of "Reduce" and an average target price of $6.95.

View Our Latest Analysis on Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 0.73. The stock's 50 day moving average is $7.14 and its 200 day moving average is $6.44. The stock has a market capitalization of $612.07 million, a price-to-earnings ratio of 10.29 and a beta of 0.78.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $162.44 million for the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.83%. On average, analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, November 21st will be given a dividend of $0.6018 per share. The ex-dividend date of this dividend is Friday, November 21st. Cementos Pacasmayo S.A.A.'s dividend payout ratio (DPR) is presently 78.57%.

Institutional Trading of Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets raised its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,110 shares of the construction company's stock after buying an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company's cement and concrete products are used in 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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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up - Time to Buy?