Loma Negra Compania Indl Argentina (LOMA) Stock Rating Lowered by Zacks Investment Research

Loma Negra Compania Indl Argentina (NYSE:LOMA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

A number of other analysts also recently issued reports on the stock. ValuEngine upgraded shares of Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a report on Saturday, November 10th. Bank of America cut their price target on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating for the company in a report on Monday, September 24th. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.90.

Shares of NYSE LOMA opened at $10.68 on Wednesday. The company has a market cap of $1.27 billion and a PE ratio of 12.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 0.66. Loma Negra Compania Indl Argentina has a 1 year low of $6.36 and a 1 year high of $26.89.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $168.46 million during the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.80% and a return on equity of 30.87%. On average, sell-side analysts expect that Loma Negra Compania Indl Argentina will post 0.53 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of LOMA. Cullen Capital Management LLC acquired a new stake in Loma Negra Compania Indl Argentina in the 3rd quarter valued at approximately $112,000. Legal & General Group Plc acquired a new stake in Loma Negra Compania Indl Argentina in the 3rd quarter valued at approximately $125,000. Citadel Advisors LLC acquired a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at approximately $129,000. Stevens Capital Management LP acquired a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at approximately $153,000. Finally, Engineers Gate Manager LP acquired a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at approximately $154,000. Hedge funds and other institutional investors own 35.37% of the company’s stock.

Loma Negra Compania Indl Argentina Company Profile

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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