Why Cementos Pacasmayo S.A.A. (NYSE:CPAC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.12 on Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.49 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Cementos Pacasmayo S.A.A. (NYSE:CPAC) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Cementos Pacasmayo S.A.A. Ameri, the PEG ratio for coming 3-5 years is -19.11.

Technical Analysis

The technical analysis highlights that Cementos Pacasmayo S.A.A. Ameri current is trading $0.37 points away or +4.00% from its 50-day moving average of $9.33. Further it is trading $1.11 or +12.90% away its 200-day moving average of $8.59.

The 52-week high of Cementos Pacasmayo S.A.A. (NYSE:CPAC) was $10.30 while lowest point recorded in 52-week was $5.45. It implies if stock price makes a movement of over $-0.60, it will record a new 52-week high. In the case of +77.98% drop, it will touch a new 52-week low.

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