Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, Marketbeat reports. Morgan Stanley currently has $15.00 target price on the stock, up from their previous target price of $13.00.

Other research analysts have also recently issued research reports about the company. Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima 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. Itau BBA Securities upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock opened at $13.17 on Tuesday. The firm has a market cap of $1.54 billion, a PE ratio of 22.32 and a beta of 1.14. The stock has a 50 day moving average of $10.99 and a 200 day moving average of $11.35. 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 has a 12 month low of $5.70 and a 12 month high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last posted its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. On average, research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of LOMA. SG Americas Securities LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at $109,000. Deuterium Capital Management LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 1st quarter valued at about $110,000. Insigneo Advisory Services LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth about $135,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth about $143,000. Finally, Clear Creek Financial Management LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth about $211,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

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.