Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat Ratings reports. They currently have $14.00 price target on the stock, up from their previous price target of $11.50.
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance
Shares of NYSE:LOMA traded down $0.15 during mid-day trading on Wednesday, reaching $11.52. 105,205 shares of the company traded hands, compared to its average volume of 525,660. The firm has a market cap of $1.34 billion, a PE ratio of 19.50 and a beta of 1.03. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $13.79. The company's 50 day moving average price is $10.75 and its 200-day moving average price is $11.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LOMA. GAMMA Investing LLC grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after purchasing an additional 2,488 shares during the last quarter. Virtu Financial LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the third quarter. Virtu Financial LLC now owns 18,945 shares of the company's stock valued at $153,000 after purchasing an additional 3,355 shares during the period. BNP Paribas Financial Markets raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock valued at $236,000 after acquiring an additional 7,232 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth $109,000. Finally, Systrade AG acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at about $143,000. Hedge funds and other institutional investors own 19.32% of the company's stock.
About Loma Negra Compañía Industrial Argentina Sociedad Anónima
(
Get Free Report)
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.
Featured Stories
Before you consider Loma Negra Compañía Industrial Argentina Sociedad Anónima, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Loma Negra Compañía Industrial Argentina Sociedad Anónima wasn't on the list.
While Loma Negra Compañía Industrial Argentina Sociedad Anónima currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
