Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Lowered to “Hold” at Wall Street Zen

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts also recently commented on LOMA. Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $15.00 in a research note on Tuesday, May 20th. Itau BBA Securities upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “market perform” rating to an “outperform” rating and set a $14.20 price objective on the stock in a research note on Monday, May 12th. Finally, Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA stock opened at $11.52 on Friday. The company has a market capitalization of $1.34 billion, a PE ratio of 19.53 and a beta of 1.10. The firm has a fifty day simple moving average of $11.73 and a 200-day simple moving average of $11.63. 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 twelve month low of $5.70 and a twelve month high of $14.17.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $135.42 billion during 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%. Equities research analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of institutional investors and hedge funds have recently modified their holdings of the business. Activest Wealth Management raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 0.9% during the first quarter. Activest Wealth Management now owns 169,538 shares of the company’s stock worth $1,863,000 after purchasing an additional 1,563 shares during the period. Simplex Trading LLC raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 23.2% during the first 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. BNP Paribas Financial Markets raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company’s stock worth $236,000 after purchasing an additional 7,232 shares during the period. Deuterium Capital Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $110,000. Finally, Insigneo Advisory Services LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth $135,000. 19.32% of the stock is owned by institutional investors and hedge funds.

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.