Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.80.

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th.

Loma Negra Compania Industrial Argentina Stock Up 1.2%

Loma Negra Compania Industrial Argentina stock opened at $12.51 on Friday. The stock has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $10.48. The company has a quick ratio of 0.61, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. Loma Negra Compania Industrial Argentina has a 12-month low of $7.04 and a 12-month high of $14.17.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. The company had revenue of $135.15 million during the quarter, compared to analyst estimates of $221.70 million. On average, equities research analysts predict that Loma Negra Compania Industrial Argentina will post 1.25 earnings per share for the current fiscal year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOMA. INCA Investments LLC boosted its stake in shares of Loma Negra Compania Industrial Argentina by 4.1% in the 2nd quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock valued at $21,238,000 after purchasing an additional 75,760 shares during the last quarter. Fourth Sail Capital LP lifted its holdings in Loma Negra Compania Industrial Argentina by 8.6% in the second quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock valued at $15,981,000 after buying an additional 115,964 shares during the period. RWC Asset Management LLP boosted its stake in Loma Negra Compania Industrial Argentina by 21.8% in the third quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock valued at $10,587,000 after acquiring an additional 257,318 shares during the last quarter. Aberdeen Group plc grew its holdings in Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock worth $9,044,000 after acquiring an additional 171,210 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter worth $8,229,000. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.