Loma Negra Compania Indl Argentina (NYSE:LOMA) Stock Rating Lowered by Zacks Investment Research

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Loma Negra Compania Indl Argentina (NYSE:LOMA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks.com reports.

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. ValuEngine upgraded Loma Negra Compania Indl Argentina from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley cut Loma Negra Compania Indl Argentina from an “equal weight” rating to an “underweight” rating and set a $6.00 target price on the stock. in a report on Wednesday, November 27th. Finally, Bank of America cut Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.50 to $7.50 in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Loma Negra Compania Indl Argentina has a consensus rating of “Hold” and a consensus target price of $9.17.

Shares of LOMA stock opened at $6.16 on Tuesday. The stock’s fifty day moving average is $6.11 and its 200-day moving average is $8.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.33 and a current ratio of 0.69. The stock has a market capitalization of $781.95 million, a PE ratio of 15.02 and a beta of 0.72. Loma Negra Compania Indl Argentina has a 52 week low of $4.15 and a 52 week high of $13.44.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last announced its earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter. The company had revenue of $186.12 million for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 15.68% and a net margin of 11.38%. As a group, analysts forecast that Loma Negra Compania Indl Argentina will post 0.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of LOMA. Barclays PLC acquired a new position in shares of Loma Negra Compania Indl Argentina during the third quarter valued at $54,000. Pictet Asset Management Ltd. acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter valued at $76,000. Voloridge Investment Management LLC acquired a new position in shares of Loma Negra Compania Indl Argentina during the third quarter valued at $126,000. Stevens Capital Management LP acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter valued at $143,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of Loma Negra Compania Indl Argentina during the second quarter valued at $180,000. 37.40% of the stock is currently owned by institutional investors and hedge funds.

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.

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