Loma Negra Compania Indl Argentina SA (LOMA) Receives Consensus Recommendation of “Hold” from Analysts

Loma Negra Compania Indl Argentina SA (NYSE:LOMA) has earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.88.

Several analysts have commented on the company. Zacks Investment Research raised Loma Negra Compania Indl Argentina from a “strong sell” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, August 1st. ValuEngine downgraded Loma Negra Compania Indl Argentina from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Finally, Bank of America decreased their target price on Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating on the stock in a research report on Monday, September 24th.

LOMA traded up $0.20 during trading on Monday, hitting $10.89. The company’s stock had a trading volume of 597,838 shares, compared to its average volume of 408,071. The company has a current ratio of 1.06, a quick ratio of 0.61 and a debt-to-equity ratio of 0.44. Loma Negra Compania Indl Argentina has a twelve month low of $6.36 and a twelve month high of $26.89. The firm has a market cap of $1.26 billion and a P/E ratio of 12.81.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.07 EPS for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 41.06% and a net margin of 9.60%. The company had revenue of $206.64 million for the quarter. Equities research analysts forecast that Loma Negra Compania Indl Argentina will post 0.53 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $129,000. Stevens Capital Management LP purchased a new position in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $153,000. Engineers Gate Manager LP purchased a new position in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $154,000. Millennium Management LLC lifted its position in shares of Loma Negra Compania Indl Argentina by 4.4% in the first quarter. Millennium Management LLC now owns 394,592 shares of the company’s stock valued at $8,413,000 after acquiring an additional 16,571 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Loma Negra Compania Indl Argentina by 118.3% in the second quarter. Russell Investments Group Ltd. now owns 44,893 shares of the company’s stock valued at $476,000 after acquiring an additional 24,328 shares in the last quarter. Institutional investors and hedge funds own 35.48% of the company’s stock.

About Loma Negra Compania Indl Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

Featured Story: Swap

Analyst Recommendations for Loma Negra Compania Indl Argentina (NYSE:LOMA)

Receive News & Ratings for Loma Negra Compania Indl Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loma Negra Compania Indl Argentina and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply