Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) shares were down 7.3% during trading on Friday . The stock traded as low as $11.54 and last traded at $11.45. Approximately 152,975 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 494,626 shares. The stock had previously closed at $12.34.
Analysts Set New Price Targets
Several analysts have recently commented on LOMA shares. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Morgan Stanley raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $13.00 to $15.00 in a research report on Tuesday, May 20th. Itau BBA Securities raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 price target on the stock in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "buy" rating to a "hold" rating in a research report on Saturday.
Check Out Our Latest Analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance
The firm has a market cap of $1.32 billion, a P/E ratio of 19.13 and a beta of 1.10. 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's 50-day moving average is $11.77 and its two-hundred day moving average is $11.63.
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 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $151 billion. As a group, equities analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.
Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima
Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $500,000. BNP Paribas Financial Markets lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after buying an additional 7,232 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 187.9% during the 4th quarter. Bank of America Corp DE now owns 150,808 shares of the company's stock worth $1,801,000 after buying an additional 98,417 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $270,000. Finally, Quantbot Technologies LP bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $354,000. 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.
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