Zacks: Loma Negra (LOMA) Given Average Recommendation of “Buy” by Brokerages

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.

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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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