Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Increased to Outperform at Itau BBA Securities

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was upgraded by stock analysts at Itau BBA Securities from a "market perform" rating to an "outperform" rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has a $14.20 price target on the stock. Itau BBA Securities' price target points to a potential upside of 15.83% from the stock's previous close.

Separately, Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 0.3%

LOMA stock traded down $0.04 during mid-day trading on Monday, hitting $12.26. 168,510 shares of the company were exchanged, compared to its average volume of 493,924. The firm has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $11.31. The company has a market capitalization of $1.43 billion, a PE ratio of 20.78 and a beta of 1.14. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.70 and a twelve month high of $13.79. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $151 billion. On average, research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during 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. SG Americas Securities LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth $109,000. Deuterium Capital Management LLC bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter valued at $110,000. Insigneo Advisory Services LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at $135,000. Finally, Systrade AG acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at $143,000. Institutional investors and hedge funds own 19.32% of the company's stock.

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.