Loma Negra Compania Indl Argentina (NYSE:LOMA) Upgraded by ValuEngine to Buy

Loma Negra Compania Indl Argentina (NYSE:LOMA) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday, ValuEngine reports.

A number of other analysts have also recently issued reports on LOMA. Zacks Investment Research cut Loma Negra Compania Indl Argentina from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 3rd. Morgan Stanley cut Loma Negra Compania Indl Argentina from an “equal weight” rating to an “underweight” rating and set a $6.00 price target for the company. in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.17.

Shares of NYSE:LOMA traded up $0.05 during trading on Wednesday, reaching $7.28. 124,969 shares of the stock were exchanged, compared to its average volume of 197,648. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 0.69. Loma Negra Compania Indl Argentina has a 12-month low of $4.15 and a 12-month high of $13.44. The firm has a market cap of $870.16 million, a price-to-earnings ratio of 17.76 and a beta of 0.82. The firm’s 50-day moving average price is $6.97 and its 200 day moving average price is $7.63.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 15.68% and a net margin of 11.38%. The business had revenue of $186.12 million during the quarter. As a group, equities research analysts forecast that Loma Negra Compania Indl Argentina will post 0.75 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in Loma Negra Compania Indl Argentina in the 3rd quarter worth approximately $54,000. D. E. Shaw & Co. Inc. purchased a new position in Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $180,000. Bogle Investment Management L P DE purchased a new position in Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $182,000. Marshall Wace LLP purchased a new position in Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $227,000. Finally, Vanguard Group Inc. purchased a new position in Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $247,000. Hedge funds and other institutional investors own 34.08% 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.

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