Zacks Investment Research downgraded shares of Cementos Pacasmayo (NYSE:CPAC) from a hold rating to a sell rating in a report released on Monday, Zacks.com 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 shares of Cementos Pacasmayo from a b- rating to a c+ rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $13.00.

Shares of CPAC opened at $8.60 on Monday. Cementos Pacasmayo has a 52 week low of $8.34 and a 52 week high of $12.35. The company has a market cap of $742.66 million, a P/E ratio of 23.24, a P/E/G ratio of 0.62 and a beta of 0.73. The company has a current ratio of 2.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.68.

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.

See Also: Consumer Price Index (CPI)

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