Shares of Loma Negra (NYSE:LOMA) have been assigned a consensus broker rating score of 2.38 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has issued a hold recommendation and two have assigned a strong buy recommendation to the company. Loma Negra’s rating score has declined by 2.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price objective of $26.50 for the company, according to Zacks. Zacks has also given Loma Negra an industry rank of 15 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently commented on the stock. UBS cut shares of Loma Negra from a “buy” rating to a “sell” rating in a research note on Monday. Citigroup raised shares of Loma Negra from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 9th. HSBC raised shares of Loma Negra from a “hold” rating to a “buy” rating and set a $21.50 price target for the company in a research note on Tuesday, May 8th. Morgan Stanley raised shares of Loma Negra from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research note on Monday, May 7th. Finally, Zacks Investment Research cut shares of Loma Negra from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 27th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC bought a new stake in Loma Negra during the 4th quarter valued at about $255,000. Pinnacle Associates Ltd. bought a new stake in Loma Negra during the 4th quarter valued at about $374,000. A.R.T. Advisors LLC bought a new stake in Loma Negra during the 1st quarter valued at about $377,000. FNY Partners Fund LP bought a new stake in Loma Negra during the 4th quarter valued at about $460,000. Finally, Fred Alger Management Inc. bought a new stake in Loma Negra during the 4th quarter valued at about $717,000. Institutional investors own 39.31% of the company’s stock.
Shares of Loma Negra traded down $0.08, reaching $15.07, during trading hours on Monday, Marketbeat Ratings reports. 13,537 shares of the stock were exchanged, compared to its average volume of 522,332. Loma Negra has a 12-month low of $14.57 and a 12-month high of $15.12. The company has a current ratio of 1.17, a quick ratio of 0.76 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.78 billion and a PE ratio of 21.03.
Loma Negra (NYSE:LOMA) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.32 EPS for the quarter. Loma Negra had a net margin of 10.55% and a return on equity of 54.78%. The firm had revenue of $253.94 million during the quarter. sell-side analysts forecast that Loma Negra will post 0.96 EPS for the current year.
Loma Negra 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, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.
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