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

by · The Markets Daily

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA – Get Free Report) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.80.

LOMA has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. 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.

Check Out Our Latest Report on LOMA

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOMA. BNP Paribas Financial Markets increased its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after acquiring an additional 1,524 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $28,000. Ping Capital Management Inc. grew its position in shares of Loma Negra Compania Industrial Argentina by 3.7% in the 2nd quarter. Ping Capital Management Inc. now owns 139,000 shares of the company’s stock valued at $1,525,000 after purchasing an additional 5,000 shares during the period. Dodge & Cox increased its stake in Loma Negra Compania Industrial Argentina by 17.0% during the 3rd quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in Loma Negra Compania Industrial Argentina by 35.3% during the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock worth $272,000 after purchasing an additional 6,463 shares in the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Trading Up 1.2%

NYSE LOMA opened at $12.51 on Friday. Loma Negra Compania Industrial Argentina has a 12 month low of $7.04 and a 12 month high of $14.17. 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 current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16.

Loma Negra Compania Industrial Argentina (NYSE:LOMA – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). The company had revenue of $135.15 million for the quarter, compared to the consensus estimate of $221.70 million. Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%. On average, analysts expect that Loma Negra Compania Industrial Argentina will post 1.25 earnings per share for the current fiscal year.

Loma Negra Compania Industrial Argentina Company Profile

(Get Free Report)

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.

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