Zacks Investment Research Downgrades Cementos Pacasmayo (CPAC) to Sell

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Cementos Pacasmayo (NYSE:CPAC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, reports.

According to Zacks, “Cementos Pacasmayo is a cement company engaged in the distribution and selling of cement and cement-related materials, such as concrete blocks and ready-mix concrete in the North region of Peru. The Company also produces and sells quicklime for use in mining. Cementos Pacasmayo is based in Santiago de Surco, Peru. “

Separately, TheStreet downgraded Cementos Pacasmayo from a “b-” rating to a “c+” rating in a research report on Friday, February 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Cementos Pacasmayo currently has an average rating of “Hold” and an average price target of $13.00.

NYSE CPAC traded up $0.02 during trading on Monday, hitting $8.75. The stock had a trading volume of 1,100 shares, compared to its average volume of 2,110. The company has a market cap of $740.04 million, a P/E ratio of 23.65, a P/E/G ratio of 0.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.83 and a quick ratio of 0.80. Cementos Pacasmayo has a twelve month low of $8.59 and a twelve month high of $12.35.

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. The company 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; 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; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.

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