Loma Negra Compania Indl Argentina (LOMA) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

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 equities analysts also recently commented on LOMA. ValuEngine upgraded Loma Negra Compania Indl Argentina from a strong sell rating to a sell rating in a research report on Saturday, November 10th. Santander downgraded Loma Negra Compania Indl Argentina from a hold rating to an underperform rating in a research report on Friday, December 7th. Finally, Bank of America cut their target price on Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a buy rating for the company in a research report on Monday, September 24th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $16.90.

Loma Negra Compania Indl Argentina stock opened at $10.15 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.22 billion and a P/E ratio of 11.94. Loma Negra Compania Indl Argentina has a one year low of $6.36 and a one year high of $26.89.

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

A number of hedge funds have recently added to or reduced their stakes in LOMA. BlackRock Inc. increased its holdings in Loma Negra Compania Indl Argentina by 165.2% during the 2nd quarter. BlackRock Inc. now owns 1,552,904 shares of the company’s stock valued at $15,933,000 after purchasing an additional 967,291 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Loma Negra Compania Indl Argentina by 187.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,350,283 shares of the company’s stock valued at $11,937,000 after purchasing an additional 880,543 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Loma Negra Compania Indl Argentina during the 2nd quarter valued at $4,688,000. Capital Guardian Trust Co. increased its holdings in Loma Negra Compania Indl Argentina by 40.6% during the 3rd quarter. Capital Guardian Trust Co. now owns 1,414,305 shares of the company’s stock valued at $12,502,000 after purchasing an additional 408,100 shares in the last quarter. Finally, Capital International Inc. CA increased its holdings in Loma Negra Compania Indl Argentina by 40.0% during the 3rd quarter. Capital International Inc. CA now owns 1,091,379 shares of the company’s stock valued at $9,648,000 after purchasing an additional 311,800 shares in the last quarter. 35.37% of the stock is owned by hedge funds and other institutional investors.

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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