Loma Negra Compania Indl Argentina (LOMA) Shares Down 6.3%

Loma Negra Compania Indl Argentina SA (NYSE:LOMA) shares were down 6.3% during trading on Monday . The stock traded as low as $12.30 and last traded at $12.41. Approximately 744,266 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 635,810 shares. The stock had previously closed at $13.24.

Several research analysts have recently commented on LOMA shares. Zacks Investment Research upgraded Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a research report on Saturday, May 26th. Morgan Stanley started coverage on Loma Negra Compania Indl Argentina in a research report on Wednesday, May 30th. They issued an “overweight” rating and a $20.00 target price for the company. UBS Group lowered Loma Negra Compania Indl Argentina from a “buy” rating to a “sell” rating in a research report on Monday, May 14th. Itau BBA Securities decreased their target price on Loma Negra Compania Indl Argentina from $26.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 25th. Finally, HSBC upgraded Loma Negra Compania Indl Argentina from a “hold” rating to a “buy” rating and set a $21.50 target price for the company in a research report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.13.

The stock has a market cap of $1.48 billion and a PE ratio of 14.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.76.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 54.78% and a net margin of 10.55%. The business had revenue of $230.85 million during the quarter. research analysts forecast that Loma Negra Compania Indl Argentina SA will post 0.8 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC acquired a new position in Loma Negra Compania Indl Argentina during the 4th quarter valued at approximately $4,384,000. Goldman Sachs Group Inc. acquired a new position in Loma Negra Compania Indl Argentina during the 4th quarter valued at approximately $13,521,000. Lazard Asset Management LLC acquired a new position in Loma Negra Compania Indl Argentina during the 4th quarter valued at approximately $7,641,000. Compass Group LLC acquired a new position in Loma Negra Compania Indl Argentina during the 4th quarter valued at approximately $1,012,000. Finally, Highland Capital Management LP acquired a new position in Loma Negra Compania Indl Argentina during the 4th quarter valued at approximately $4,748,000. Institutional investors and hedge funds own 39.12% of the company’s stock.

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, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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