Zacks: Analysts Set $11.85 Target Price for Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (CPAC)

Shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (NYSE:CPAC) have received a consensus broker rating score of 3.50 (Sell) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating and one has issued a hold rating on the company. Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five )’s rating score has improved by 12.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $11.85 for the company, according to Zacks. Zacks has also given Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) an industry rank of 107 out of 265 based on the ratings given to its competitors.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Scotiabank cut shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $11.90 to $14.10 in a research note on Saturday, September 16th. BidaskClub cut shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Barclays lifted their price objective on shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) stock. Investec Asset Management LTD raised its holdings in shares of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (NYSE:CPAC) by 24.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,939 shares of the construction company’s stock after acquiring an additional 51,464 shares during the period. Investec Asset Management LTD owned approximately 0.31% of Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) worth $3,385,000 at the end of the most recent quarter. 4.43% of the stock is currently owned by institutional investors and hedge funds.

Cementos Pacasmayo S.A.A. American Depositary Shares (CPAC) traded down $0.05 during mid-day trading on Thursday, reaching $12.60. 5,413 shares of the company were exchanged, compared to its average volume of 14,542. The firm has a market cap of $1,060.00, a PE ratio of 40.16, a PEG ratio of 0.81 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.59. Cementos Pacasmayo S.A.A. American Depositary Shares has a one year low of $9.04 and a one year high of $13.39.

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Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) Company Profile

Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others.

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