Loma Negra Compania Industrial Argentina (NYSE:LOMA) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Loma Negra Compania Industrial Argentina from “sell” to “hold” in a note issued Saturday.
• The stock was down 0.9%, opening at $11.01; the company has a market cap of about $1.28 billion and trades below its 200-day moving average.
• Loma Negra recently reported stronger-than-expected quarterly results, with earnings of $0.25 per share versus a $0.05 estimate and revenue of $158.23 million versus $119.83 million expected.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Loma Negra Compania Industrial Argentina Stock Down 0.9%

Shares of NYSE:LOMA opened at $11.01 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 0.54 and a beta of 0.74. The firm's 50-day simple moving average is $10.83 and its 200-day simple moving average is $11.33. The company has a quick ratio of 0.48, a current ratio of 2.02 and a debt-to-equity ratio of 0.20. Loma Negra Compania Industrial Argentina has a fifty-two week low of $7.04 and a fifty-two week high of $14.17.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.20. The business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. As a group, equities research analysts predict that Loma Negra Compania Industrial Argentina will post 0.5 earnings per share for the current year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp purchased a new stake in Loma Negra Compania Industrial Argentina during the third quarter worth about $28,000. Banco Santander S.A. purchased a new stake in Loma Negra Compania Industrial Argentina during the third quarter worth about $101,000. Savant Capital LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth about $180,000. Mangrove Partners IM LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth about $201,000. Finally, Advisors Preferred LLC purchased a new stake in Loma Negra Compania Industrial Argentina during the third quarter worth about $133,000. 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 SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company's product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.