Wall Street Zen Upgrades Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) to "Buy"

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

Other equities analysts have also issued reports about the company. 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 on the stock in a research report on Monday, May 12th. 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 research report on Wednesday, April 23rd. Finally, Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $13.00 to $15.00 in a research note on Tuesday, May 20th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 1.7%

LOMA stock traded down $0.21 during trading on Friday, reaching $11.87. The stock had a trading volume of 321,565 shares, compared to its average volume of 495,990. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1-year low of $5.70 and a 1-year high of $14.17. 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 capitalization of $1.39 billion, a P/E ratio of 20.12 and a beta of 1.10. The firm has a fifty day moving average price of $11.55 and a 200 day moving average price of $11.62.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping 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 firm had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. On average, 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

Several institutional investors and hedge funds have recently made changes to their positions in LOMA. SG Americas Securities LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at approximately $109,000. Activest Wealth Management raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% during the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company's stock worth $2,006,000 after acquiring an additional 166,017 shares during the period. INCA Investments LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $8,986,000. Raymond James Financial Inc. acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $270,000. Finally, William Blair Investment Management LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $3,867,000. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.