Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Rating Lowered by JPMorgan Chase & Co.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a $6.00 target price on the construction company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.18% from the company’s current price.

Cementos Pacasmayo S.A.A. Stock Down 1.1 %

Cementos Pacasmayo S.A.A. stock opened at $5.55 on Wednesday. The stock’s 50 day moving average price is $5.62 and its 200 day moving average price is $5.60. Cementos Pacasmayo S.A.A. has a 1-year low of $4.65 and a 1-year high of $6.64. The company has a market cap of $470.16 million, a PE ratio of 9.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.39.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Monday, July 22nd. The construction company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Cementos Pacasmayo S.A.A. had a return on equity of 16.20% and a net margin of 8.58%. The company had revenue of $122.24 million for the quarter, compared to analysts’ expectations of $118.53 million. On average, sell-side analysts predict that Cementos Pacasmayo S.A.A. will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Sagil Capital LLP lifted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 203.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,734 shares of the construction company’s stock after acquiring an additional 140,633 shares during the quarter. Cementos Pacasmayo S.A.A. accounts for about 0.6% of Sagil Capital LLP’s holdings, making the stock its 9th biggest position. Sagil Capital LLP’s holdings in Cementos Pacasmayo S.A.A. were worth $1,078,000 at the end of the most recent reporting period.

Cementos Pacasmayo S.A.A. Company Profile

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.