Bank of America Trims Loma Negra Compania Indl Argentina (LOMA) Target Price to $13.00

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Loma Negra Compania Indl Argentina (NYSE:LOMA) had its target price reduced by Bank of America from $17.30 to $13.00 in a research report released on Monday, September 24th. They currently have a buy rating on the stock.

Several other research firms have also recently commented on LOMA. Morgan Stanley began coverage on shares of Loma Negra Compania Indl Argentina in a research note on Wednesday, May 30th. They issued an overweight rating and a $20.00 target price for the company. Zacks Investment Research raised shares of Loma Negra Compania Indl Argentina from a strong sell rating to a buy rating and set a $13.00 target price for the company in a research note on Wednesday, August 1st. Finally, ValuEngine cut shares of Loma Negra Compania Indl Argentina from a hold rating to a sell rating in a research note on Wednesday, July 25th. Three analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Loma Negra Compania Indl Argentina has a consensus rating of Hold and an average target price of $16.90.

Shares of Loma Negra Compania Indl Argentina stock traded up $0.18 during trading on Monday, hitting $8.41. 374,531 shares of the company were exchanged, compared to its average volume of 574,534. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 0.61. 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 market capitalization of $981.06 million and a P/E ratio of 9.89.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $206.64 million during the quarter. Loma Negra Compania Indl Argentina had a return on equity of 41.06% and a net margin of 9.60%. As a group, research analysts expect that Loma Negra Compania Indl Argentina will post 0.59 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Genesis Asset Managers LLP grew its stake in Loma Negra Compania Indl Argentina by 108.7% in the 2nd quarter. Genesis Asset Managers LLP now owns 3,736,710 shares of the company’s stock worth $38,339,000 after acquiring an additional 1,945,992 shares during the period. FMR LLC grew its stake in shares of Loma Negra Compania Indl Argentina by 1.1% during the 2nd quarter. FMR LLC now owns 2,967,538 shares of the company’s stock valued at $30,446,000 after buying an additional 32,851 shares during the period. BlackRock Inc. grew its stake in shares of Loma Negra Compania Indl Argentina by 165.2% during the 2nd quarter. BlackRock Inc. now owns 1,552,904 shares of the company’s stock valued at $15,933,000 after buying an additional 967,291 shares during the period. Carmignac Gestion grew its stake in shares of Loma Negra Compania Indl Argentina by 8.9% during the 1st quarter. Carmignac Gestion now owns 1,209,538 shares of the company’s stock valued at $25,787,000 after buying an additional 98,519 shares during the period. Finally, GQG Partners LLC grew its stake in shares of Loma Negra Compania Indl Argentina by 220.1% during the 1st quarter. GQG Partners LLC now owns 1,151,964 shares of the company’s stock valued at $24,560,000 after buying an additional 792,142 shares during the period. 35.60% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Intrinsic Value and Stock Selection

Analyst Recommendations for Loma Negra Compania Indl Argentina (NYSE:LOMA)

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