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

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has been given an average recommendation of “Moderate Buy” by 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 1-year target price among brokerages that have covered the stock in the last year is $14.80.

A number of research analysts recently commented on LOMA shares. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed 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 Performance

Shares of Loma Negra Compania Industrial Argentina stock opened at $10.68 on Thursday. The firm’s 50 day moving average price is $12.29 and its 200-day moving average price is $10.59. Loma Negra Compania Industrial Argentina has a 52-week low of $7.04 and a 52-week high of $14.17. 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 (NYSE:LOMA) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%.The firm had revenue of $135.15 million during the quarter, compared to analysts’ expectations of $221.70 million. As a group, sell-side analysts predict that Loma Negra Compania Industrial Argentina will post 1.25 EPS for the current year.

Institutional Trading of Loma Negra Compania Industrial Argentina

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% during the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after purchasing an additional 1,524 shares during the period. Van ECK Associates Corp purchased a new position in Loma Negra Compania Industrial Argentina during the third quarter valued at approximately $28,000. Dodge & Cox increased its holdings in Loma Negra Compania Industrial Argentina by 17.0% in the third quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after buying an additional 5,300 shares during the last quarter. Engineers Gate Manager LP raised its position in Loma Negra Compania Industrial Argentina by 35.3% during the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after acquiring an additional 6,463 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its stake in Loma Negra Compania Industrial Argentina by 1.9% in the third quarter. Kapitalo Investimentos Ltda now owns 385,734 shares of the company’s stock valued at $2,843,000 after acquiring an additional 7,134 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

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.