Loma Negra Compania Indl Argentina SA (LOMA) Receives $17.88 Consensus Price Target from Analysts

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Loma Negra Compania Indl Argentina SA (NYSE:LOMA) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.88.

A number of brokerages recently weighed in on LOMA. Zacks Investment Research raised shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Santander downgraded shares of Loma Negra Compania Indl Argentina from a “hold” rating to an “underperform” rating in a research note on Friday, December 7th. ValuEngine raised shares of Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 10th. Finally, Bank of America lowered their target price on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating for the company in a research note on Monday, September 24th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Global X Management Co LLC bought a new stake in Loma Negra Compania Indl Argentina in the second quarter valued at $1,994,000. Russell Investments Group Ltd. increased its stake in Loma Negra Compania Indl Argentina by 118.3% in the second quarter. Russell Investments Group Ltd. now owns 44,893 shares of the company’s stock valued at $476,000 after purchasing an additional 24,328 shares in the last quarter. Capital International Inc. CA increased its stake in Loma Negra Compania Indl Argentina by 40.0% in the third quarter. Capital International Inc. CA now owns 1,091,379 shares of the company’s stock valued at $9,648,000 after purchasing an additional 311,800 shares in the last quarter. Citadel Advisors LLC bought a new stake in Loma Negra Compania Indl Argentina in the second quarter valued at $129,000. Finally, BlackRock Inc. increased its stake in Loma Negra Compania Indl Argentina by 165.2% in the second quarter. BlackRock Inc. now owns 1,552,904 shares of the company’s stock valued at $15,933,000 after purchasing an additional 967,291 shares in the last quarter. 35.33% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:LOMA traded down $0.10 during trading on Friday, reaching $12.44. The company had a trading volume of 25,733 shares, compared to its average volume of 439,877. The firm has a market cap of $1.49 billion, a P/E ratio of 14.64 and a beta 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 current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $168.46 million during the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.80% and a return on equity of 30.87%. Research analysts forecast that Loma Negra Compania Indl Argentina will post 0.53 EPS for the current fiscal year.

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

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