Brokerages Set Loma Negra Compania Indl Argentina SA (NYSE:LOMA) Price Target at $7.50

Loma Negra Compania Indl Argentina SA (NYSE:LOMA) has earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $7.50.

Several analysts recently issued reports on LOMA shares. Bank of America cut shares of Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and cut their price target for the company from $16.50 to $7.50 in a report on Wednesday, August 14th. Santander raised shares of Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research cut shares of Loma Negra Compania Indl Argentina from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 5th. UBS Group upgraded shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “neutral” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley cut Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a report on Monday, August 12th.

Several institutional investors have recently made changes to their positions in the company. Provida Pension Fund Administrator acquired a new stake in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $1,990,000. Oaktree Capital Management LP bought a new position in Loma Negra Compania Indl Argentina in the 2nd quarter valued at about $1,252,000. Eaton Vance Management bought a new position in Loma Negra Compania Indl Argentina in the 2nd quarter valued at about $527,000. Pictet Asset Management Ltd. bought a new position in Loma Negra Compania Indl Argentina in the 2nd quarter valued at about $76,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Loma Negra Compania Indl Argentina in the 2nd quarter valued at approximately $2,552,000. Institutional investors and hedge funds own 35.70% of the company’s stock.

Shares of LOMA traded up $0.07 during trading on Friday, reaching $5.30. The company’s stock had a trading volume of 534,700 shares, compared to its average volume of 565,818. The company has a market cap of $628.21 million, a price-to-earnings ratio of 12.93 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.81 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $7.91 and a two-hundred day moving average of $10.25. Loma Negra Compania Indl Argentina has a twelve month low of $4.15 and a twelve month high of $13.44.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $165.00 million during the quarter. Loma Negra Compania Indl Argentina had a net margin of 11.94% and a return on equity of 18.80%. As a group, equities analysts forecast that Loma Negra Compania Indl Argentina will post 0.85 EPS for the current fiscal year.

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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