Loma Negra Compania Indl Argentina (NYSE:LOMA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a sell rating to a strong-buy rating in a research note published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $14.00 price objective on the stock.

According to Zacks, “Loma Negra Compania Industrial Argentina SA operates as a cement manufacturer. The Company focuses on the manufacture and commercialization of cement, masonry cement, aggregates, concrete and lime. Its products primarily distributed to professionals in the construction and engineering sector. Loma Negra Compania Industrial Argentina SA is based in BUENOS AIRES, Argentina. “

Several other analysts also recently commented on LOMA. ValuEngine downgraded Wave Life Sciences from a strong-buy rating to a buy rating in a research note on Monday, March 25th. UBS Group raised Loma Negra Compania Indl Argentina from a sell rating to a neutral rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Loma Negra Compania Indl Argentina currently has a consensus rating of Hold and an average target price of $13.50.



Shares of Loma Negra Compania Indl Argentina stock opened at $12.45 on Wednesday. The firm has a market cap of $1.48 billion, a P/E ratio of 30.37 and a beta of 0.21. Loma Negra Compania Indl Argentina has a 12 month low of $6.36 and a 12 month high of $13.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.39. The business’s fifty day simple moving average is $11.02.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.22 EPS for the quarter. The business had revenue of $191.22 million for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 17.89% and a net margin of 9.19%. Equities research analysts predict that Loma Negra Compania Indl Argentina will post 0.89 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB grew its stake in shares of Loma Negra Compania Indl Argentina by 1.9% in the first quarter. Nordea Investment Management AB now owns 53,060 shares of the company’s stock worth $581,000 after purchasing an additional 1,000 shares during the last quarter. Barclays PLC bought a new stake in Loma Negra Compania Indl Argentina during the fourth quarter valued at $37,000. WINTON GROUP Ltd boosted its position in Loma Negra Compania Indl Argentina by 16.1% during the second quarter. WINTON GROUP Ltd now owns 62,778 shares of the company’s stock valued at $735,000 after acquiring an additional 8,686 shares during the last quarter. FMR LLC boosted its position in Loma Negra Compania Indl Argentina by 22.4% during the first quarter. FMR LLC now owns 113,143 shares of the company’s stock valued at $1,239,000 after acquiring an additional 20,680 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Loma Negra Compania Indl Argentina by 6.0% during the fourth quarter. Brown Advisory Inc. now owns 484,400 shares of the company’s stock valued at $5,392,000 after acquiring an additional 27,470 shares during the last quarter. Institutional investors own 36.40% of the company’s stock.

About Loma Negra Compania Indl Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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