Loma Negra Compania Industrial Argentina (NYSE:LOMA) Now Covered by Citigroup

Stock analysts at Citigroup started coverage on shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage set a "buy" rating and a $16.00 price target on the stock. Citigroup's price objective would indicate a potential upside of 42.22% from the stock's current price.

A number of other research analysts have also commented on LOMA. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley upgraded Loma Negra Compania Industrial Argentina 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 report on Tuesday, May 20th. Itau BBA Securities upgraded shares of Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price target on the stock in a report on Monday, May 12th. Finally, Bank of America raised shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Loma Negra Compania Industrial Argentina has an average rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Trading Down 0.9%

Shares of LOMA opened at $11.25 on Wednesday. Loma Negra Compania Industrial Argentina has a fifty-two week low of $5.70 and a fifty-two week high of $14.17. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 13.39 and a beta of 1.10. The firm has a 50 day moving average price of $11.80 and a 200-day moving average price of $11.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.90.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $135.42 billion for the quarter, compared to the consensus estimate of $151 billion. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. As a group, equities research analysts forecast that Loma Negra Compania Industrial Argentina will post 1.25 earnings per share for the current year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds have recently bought and sold shares of the business. Deuterium Capital Management LLC purchased a new position in shares of Loma Negra Compania Industrial Argentina in the 1st quarter worth $110,000. Insigneo Advisory Services LLC purchased a new position in Loma Negra Compania Industrial Argentina in the first quarter worth about $135,000. Evolution Wealth Advisors LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina during the 1st quarter valued at about $143,000. Clear Creek Financial Management LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina during the 1st quarter valued at about $211,000. Finally, Simplex Trading LLC lifted its stake in shares of Loma Negra Compania Industrial Argentina 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. Hedge funds and other institutional investors own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina 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.

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.