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

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

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a report on Monday, December 29th.

Loma Negra Compania Industrial Argentina Trading Down 2.0%

Shares of LOMA opened at $10.68 on Thursday. 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 has a one year low of $7.04 and a one year high of $14.17. The company’s fifty day moving average price is $12.29 and its 200 day moving average price is $10.59.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). The business had revenue of $135.15 million for the quarter, compared to analyst estimates of $221.70 million. Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%. Equities research analysts anticipate that Loma Negra Compania Industrial Argentina will post 1.25 earnings per share for the current year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Several hedge funds have recently added to or reduced their stakes in LOMA. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the third quarter worth $28,000. Y Intercept Hong Kong Ltd bought a new stake in Loma Negra Compania Industrial Argentina in the 2nd quarter valued at about $121,000. Banco Santander S.A. bought a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $101,000. Advisors Preferred LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $133,000. Finally, Insigneo Advisory Services LLC grew its position in Loma Negra Compania Industrial Argentina by 89.6% in the second quarter. Insigneo Advisory Services LLC now owns 23,342 shares of the company’s stock valued at $256,000 after acquiring an additional 11,031 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Company Profile

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.