Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Upgraded by Morgan Stanley to "Overweight" Rating

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was upgraded by equities researchers at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $15.00 price target on the stock, up from their previous price target of $13.00. Morgan Stanley's target price points to a potential upside of 8.58% from the stock's previous close.

Several other analysts also recently commented on LOMA. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and raised their price objective for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Itau BBA Securities upgraded shares of 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 report on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of NYSE:LOMA traded up $0.48 during midday trading on Tuesday, hitting $13.82. The company had a trading volume of 701,097 shares, compared to its average volume of 496,334. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12-month low of $5.70 and a 12-month high of $13.86. The company has a fifty day moving average of $11.21 and a two-hundred day moving average of $11.44. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43.

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

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $109,000. Deuterium Capital Management LLC purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth $110,000. Insigneo Advisory Services LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $135,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at $143,000. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter valued at $211,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

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.