Loma Negra Compania Indl Argentina (NYSE:LOMA) Stock Rating Lowered by Bank of America

Loma Negra Compania Indl Argentina (NYSE:LOMA) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports.

A number of other analysts have also weighed in on the stock. Santander upgraded shares of Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, July 10th. UBS Group upgraded shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “neutral” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley lowered shares of Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.50.

NYSE:LOMA opened at $6.00 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.63 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.39 and a current ratio of 0.80. Loma Negra Compania Indl Argentina has a fifty-two week low of $4.15 and a fifty-two week high of $13.44. The company’s 50-day moving average price is $11.78.

A number of large investors have recently added to or reduced their stakes in LOMA. Millennium Management LLC boosted its holdings in shares of Loma Negra Compania Indl Argentina by 146.9% during the 4th quarter. Millennium Management LLC now owns 167,949 shares of the company’s stock valued at $1,869,000 after acquiring an additional 99,920 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Loma Negra Compania Indl Argentina by 6.4% during the 4th quarter. BlackRock Inc. now owns 1,335,393 shares of the company’s stock valued at $14,863,000 after acquiring an additional 80,880 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Loma Negra Compania Indl Argentina during the 1st quarter valued at about $350,000. Marshall Wace North America L.P. boosted its holdings in shares of Loma Negra Compania Indl Argentina by 47.1% during the 1st quarter. Marshall Wace North America L.P. now owns 244,758 shares of the company’s stock valued at $2,680,000 after acquiring an additional 78,382 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Loma Negra Compania Indl Argentina by 212.9% during the 4th quarter. Legal & General Group Plc now owns 44,197 shares of the company’s stock valued at $492,000 after acquiring an additional 30,072 shares during the last quarter. Institutional investors and hedge funds own 34.36% 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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