Loma Negra (NYSE:LOMA) has received an average broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1 year consensus price objective of $26.50 for the company, according to Zacks. Zacks has also assigned Loma Negra an industry rank of 97 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Loma Negra from a “hold” rating to a “strong sell” rating in a report on Saturday, January 27th.
Shares of Loma Negra stock traded down $0.49 during trading hours on Friday, hitting $21.11. The company’s stock had a trading volume of 122,417 shares, compared to its average volume of 392,337. Loma Negra has a 1-year low of $20.03 and a 1-year high of $26.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.19 and a quick ratio of 0.86.
Loma Negra (NYSE:LOMA) last released its quarterly earnings data on Thursday, March 8th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $253.94 million during the quarter. sell-side analysts predict that Loma Negra will post 1.03 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of LOMA. Bamco Inc. NY bought a new position in shares of Loma Negra in the 4th quarter worth about $52,971,000. William Blair Investment Management LLC bought a new position in shares of Loma Negra in the 4th quarter worth about $40,258,000. Genesis Asset Managers LLP bought a new position in shares of Loma Negra in the 4th quarter worth about $38,383,000. Schroder Investment Management Group bought a new position in shares of Loma Negra in the 4th quarter worth about $34,084,000. Finally, Teachers Advisors LLC bought a new position in shares of Loma Negra in the 4th quarter worth about $29,358,000. Institutional investors own 39.96% of the company’s stock.
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About Loma Negra
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, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.
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