Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Lowered to Hold Rating by Wall Street Zen

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and boosted their target price for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Morgan Stanley raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Finally, Itau BBA Securities raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price for the company in a research note on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock opened at $11.52 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.34 billion, a PE ratio of 19.53 and a beta of 1.10. The company's 50-day moving average is $11.68 and its two-hundred day moving average is $11.63. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $14.17.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. The company had revenue of $135.42 billion for the quarter, compared to the consensus estimate of $151 billion. Equities analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Large investors have recently made changes to their positions in the business. Fourth Sail Capital LP purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter worth about $14,735,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth approximately $15,543,000. INCA Investments LLC increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 147.2% in the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after purchasing an additional 1,107,669 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock worth $16,570,000 after purchasing an additional 655,533 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth approximately $4,161,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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

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