Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Upgraded 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 report issued on Tuesday, MarketBeat.com reports. Morgan Stanley currently has $15.00 target price on the stock, up from their previous target price of $13.00.

A number of other analysts also recently issued reports on LOMA. Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Itau BBA Securities raised 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 for the company in a report on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

NYSE:LOMA opened at $13.17 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The stock has a market capitalization of $1.54 billion, a PE ratio of 22.32 and a beta of 1.14. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a fifty-two week low of $5.70 and a fifty-two week high of $13.79. The company has a fifty day moving average of $10.99 and a two-hundred day moving average of $11.35.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. The firm had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. As a group, research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors have recently modified their holdings of LOMA. INCA Investments LLC increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 147.2% in the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company’s stock valued at $20,444,000 after acquiring an additional 1,107,669 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company’s stock valued at $16,769,000 after purchasing an additional 138,063 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter worth approximately $14,735,000. Arrowstreet Capital Limited Partnership acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth approximately $15,543,000. Finally, Glenorchy Capital Ltd lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% during the 4th quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company’s stock worth $5,521,000 after buying an additional 232,055 shares during the last quarter. 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.