Loma Negra Compania Industrial Argentina (NYSE:LOMA) Coverage Initiated at Citigroup

Citigroup began coverage on shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA - Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $16.00 price target on the stock.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Morgan Stanley raised 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 research note on Tuesday, May 20th. Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a research note on Monday, May 12th. Finally, Bank of America raised Loma Negra Compania Industrial Argentina 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 note on Wednesday, April 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Trading Down 3.2%

NYSE LOMA traded down $0.37 during trading hours on Wednesday, hitting $11.15. 289,940 shares of the company were exchanged, compared to its average volume of 494,013. The stock has a 50-day moving average price of $11.91 and a 200 day moving average price of $11.60. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. Loma Negra Compania Industrial Argentina has a 52 week low of $5.70 and a 52 week high of $14.17. The stock has a market cap of $1.30 billion, a PE ratio of 13.27 and a beta of 1.10.

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

Institutional Trading of Loma Negra Compania Industrial Argentina

A number of large investors have recently modified their holdings of LOMA. Fourth Sail Capital LP purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $14,735,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at approximately $15,543,000. INCA Investments LLC boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 147.2% in the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock valued at $20,444,000 after purchasing an additional 1,107,669 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Loma Negra Compania Industrial Argentina by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock valued at $16,570,000 after purchasing an additional 655,533 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $4,161,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

About Loma Negra Compania Industrial Argentina

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.