Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) from an underperform rating to a neutral rating in a research note released on Monday morning, Marketbeat reports. Bank of America currently has $8.10 price objective on the stock, up from their prior price objective of $7.10.

Separately, UBS Group lowered shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a neutral rating to a sell rating and dropped their target price for the stock from $6.00 to $5.00 in a research report on Thursday.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

NYSE LOMA traded up $0.78 on Monday, hitting $7.60. 1,637,129 shares of the company traded hands, compared to its average volume of 403,391. The business's 50 day moving average price is $6.73 and its 200-day moving average price is $6.56. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.64 and a 52-week high of $7.69. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $887.22 million, a price-to-earnings ratio of 58.47, a P/E/G ratio of 0.21 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share for the quarter. The firm had revenue of $242.13 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 1.82% and a net margin of 1.58%. Equities analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors have recently bought and sold shares of the business. Capital International Investors increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.5% during the fourth quarter. Capital International Investors now owns 7,376,453 shares of the company's stock valued at $52,299,000 after acquiring an additional 109,924 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company's stock valued at $9,183,000 after purchasing an additional 126,571 shares during the last quarter. RWC Asset Management LLP raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 14.6% in the 4th quarter. RWC Asset Management LLP now owns 1,444,375 shares of the company's stock worth $10,241,000 after purchasing an additional 184,419 shares during the period. abrdn plc lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% in the third quarter. abrdn plc now owns 899,800 shares of the company's stock worth $5,426,000 after purchasing an additional 220,200 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 180.9% in the fourth quarter. Morgan Stanley now owns 650,370 shares of the company's stock worth $4,455,000 after purchasing an additional 418,875 shares during the last quarter. Institutional investors own 19.32% of the company's stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.