Deutsche Bank AG lowered its holdings in shares of Cementos Pacasmayo (NYSE:CPAC) by 82.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,306 shares of the construction company’s stock after selling 44,278 shares during the quarter. Deutsche Bank AG’s holdings in Cementos Pacasmayo were worth $115,000 at the end of the most recent reporting period.
Separately, Investec Asset Management LTD boosted its position in Cementos Pacasmayo by 15.0% during the fourth quarter. Investec Asset Management LTD now owns 305,939 shares of the construction company’s stock worth $3,794,000 after purchasing an additional 40,000 shares in the last quarter. 4.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on CPAC. Zacks Investment Research downgraded Cementos Pacasmayo from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. HSBC assumed coverage on Cementos Pacasmayo in a research report on Wednesday, April 11th. They set a “hold” rating and a $13.00 price target on the stock. Finally, Bank of America upgraded Cementos Pacasmayo from an “underperform” rating to a “neutral” rating and set a $12.00 target price on the stock in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Cementos Pacasmayo presently has a consensus rating of “Hold” and an average target price of $12.82.
NYSE CPAC opened at $12.15 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 38.94, a PEG ratio of 0.72 and a beta of 1.10. Cementos Pacasmayo has a 1-year low of $10.60 and a 1-year high of $14.11. The company has a current ratio of 3.89, a quick ratio of 1.26 and a debt-to-equity ratio of 0.63.
Cementos Pacasmayo (NYSE:CPAC) last released its earnings results on Tuesday, April 24th. The construction company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $97.37 million for the quarter. Cementos Pacasmayo had a return on equity of 5.55% and a net margin of 8.03%. research analysts predict that Cementos Pacasmayo will post 0.58 earnings per share for the current fiscal year.
Cementos Pacasmayo Company Profile
Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. It 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; and 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.
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