Zacks Investment Research Lowers Loma Negra Compania Indl Argentina (LOMA) to Sell

Zacks Investment Research cut shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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 several other research reports. Bank of America dropped their target price 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 given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $16.90.

Shares of LOMA stock opened at $10.16 on Wednesday. Loma Negra Compania Indl Argentina has a 12-month low of $6.36 and a 12-month 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. The company has a market capitalization of $1.23 billion and a P/E ratio of 11.95.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its 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 company had revenue of $168.46 million for the quarter. As a group, equities analysts predict that Loma Negra Compania Indl Argentina will post 0.53 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $129,000. Cullen Capital Management LLC purchased a new position in shares of Loma Negra Compania Indl Argentina during the 3rd quarter worth $112,000. Legal & General Group Plc purchased a new position in shares of Loma Negra Compania Indl Argentina during the 3rd quarter worth $125,000. Stevens Capital Management LP purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $153,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Loma Negra Compania Indl Argentina during the 2nd quarter worth $154,000. Institutional investors and hedge funds 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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