Loma Negra Compania Indl Argentina (LOMA) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “Loma Negra Compania Industrial Argentina SA operates as a cement manufacturer. The Company focuses on the manufacture and commercialization of cement, masonry cement, aggregates, concrete and lime. Its products primarily distributed to professionals in the construction and engineering sector. Loma Negra Compania Industrial Argentina SA is based in BUENOS AIRES, Argentina. “

LOMA has been the topic of a number of other reports. Bank of America reduced their price target on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a buy rating on the stock in a report on Monday, September 24th. ValuEngine upgraded shares of Loma Negra Compania Indl Argentina from a strong sell rating to a sell rating in a report on Saturday, November 10th. Four equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $16.90.

Shares of LOMA stock opened at $10.16 on Wednesday. The firm has a market cap of $1.23 billion and a PE ratio of 11.95. Loma Negra Compania Indl Argentina has a one year low of $6.36 and a one year high of $26.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.00.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global X Management Co LLC bought a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at $1,994,000. Brown Advisory Inc. bought a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at $4,688,000. Russell Investments Group Ltd. increased its holdings in Loma Negra Compania Indl Argentina by 118.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 44,893 shares of the company’s stock valued at $476,000 after acquiring an additional 24,328 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Loma Negra Compania Indl Argentina in the 2nd quarter valued at $154,000. Finally, Newfoundland Capital Management increased its holdings in shares of Loma Negra Compania Indl Argentina by 267.5% in the 2nd quarter. Newfoundland Capital Management now owns 269,428 shares of the company’s stock worth $2,764,000 after buying an additional 196,113 shares during the last quarter. Institutional investors own 35.37% 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, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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