Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Increased to Buy at Wall Street Zen

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.

Several other analysts have also weighed in on the company. Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their target price for the company from $11.50 to $14.00 in a 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 increased their price objective for the company 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 price objective on the stock in a research note on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded down $0.05 during trading hours on Friday, hitting $12.13. The stock had a trading volume of 334,170 shares, compared to its average volume of 496,411. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 20.56 and a beta of 1.14. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1-year low of $5.70 and a 1-year high of $14.17. The stock's fifty day moving average is $11.53 and its two-hundred day moving average is $11.59.

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

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company's stock worth $16,769,000 after buying an additional 138,063 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 576.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company's stock worth $1,980,000 after purchasing an additional 153,503 shares during the period. Activest Wealth Management raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 0.9% in the 1st quarter. Activest Wealth Management now owns 169,538 shares of the company's stock worth $1,863,000 after purchasing an additional 1,563 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter worth about $445,000. Finally, Simplex Trading LLC raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 23.2% in the 1st quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock worth $216,000 after purchasing an additional 3,711 shares during the period. 19.32% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.