Loma Negra Compania Indl Argentina (LOMA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Loma Negra Compania Industrial Argentina SA operates as a cement manufacturer. The Company focuses on the manufacture and commercialization of cement, masonry cement, aggregates, concrete and lime. Its products primarily distributed to professionals in the construction and engineering sector. Loma Negra Compania Industrial Argentina SA is based in BUENOS AIRES, Argentina. “

Several other analysts have also weighed in on LOMA. ValuEngine lowered Loma Negra Compania Indl Argentina from a hold rating to a sell rating in a research note on Wednesday, July 25th. Bank of America reduced their price objective on Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a buy rating on the stock in a research note on Monday, September 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $16.90.

LOMA opened at $10.55 on Tuesday. The firm has a market cap of $1.26 billion and a PE ratio of 16.83. Loma Negra Compania Indl Argentina has a 52-week low of $6.36 and a 52-week high of $26.89. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $168.46 million for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 30.87% and a net margin of 8.80%. Equities analysts forecast that Loma Negra Compania Indl Argentina will post 0.53 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in LOMA. Northern Trust Corp acquired a new stake in Loma Negra Compania Indl Argentina in the first quarter valued at about $879,000. Genesis Asset Managers LLP raised its position in Loma Negra Compania Indl Argentina by 108.7% in the second quarter. Genesis Asset Managers LLP now owns 3,736,710 shares of the company’s stock valued at $38,339,000 after purchasing an additional 1,945,992 shares during the last quarter. AMS Capital Ltda bought a new position in Loma Negra Compania Indl Argentina in the second quarter valued at about $1,067,000. Engineers Gate Manager LP bought a new position in Loma Negra Compania Indl Argentina in the second quarter valued at about $154,000. Finally, River & Mercantile Asset Management LLP bought a new position in Loma Negra Compania Indl Argentina in the second quarter valued at about $935,000. 33.35% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compania Indl Argentina Company Profile

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.

See Also: Quiet Period

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