Loma Negra Compania Indl Argentina (LOMA) Lowered to “Underperform” at Santander

Loma Negra Compania Indl Argentina (NYSE:LOMA) was downgraded by analysts at Santander from a “hold” rating to an “underperform” rating in a note issued to investors on Friday, The Fly reports.

Several other research firms have also weighed in on LOMA. Bank of America dropped their price objective on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating for the company in a report on Monday, September 24th. ValuEngine raised shares of Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a report on Saturday, November 10th. Finally, Zacks Investment Research raised shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a report on Tuesday, November 20th. Four equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Loma Negra Compania Indl Argentina presently has a consensus rating of “Hold” and an average target price of $16.90.

NYSE:LOMA traded down $0.56 during mid-day trading on Friday, hitting $9.78. The company’s stock had a trading volume of 30,059 shares, compared to its average volume of 289,715. Loma Negra Compania Indl Argentina has a fifty-two week low of $6.36 and a fifty-two week high of $26.89. 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 firm has a market capitalization of $1.27 billion and a PE ratio of 11.56.

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

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $129,000. Cullen Capital Management LLC acquired a new stake in shares of Loma Negra Compania Indl Argentina in the third quarter valued at approximately $112,000. Legal & General Group Plc acquired a new stake in shares of Loma Negra Compania Indl Argentina in the third quarter valued at approximately $125,000. Stevens Capital Management LP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $153,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the second quarter valued at approximately $154,000. 35.37% of the stock is owned by institutional investors and hedge funds.

About Loma Negra Compania Indl Argentina

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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