Loma Negra Compania Indl Argentina (LOMA) Cut to “Hold” at Zacks Investment Research

Loma Negra Compania Indl Argentina (NYSE:LOMA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Saturday, 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. “

Separately, ValuEngine lowered shares of Loma Negra Compania Indl Argentina from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.10.

Shares of Loma Negra Compania Indl Argentina stock opened at $11.23 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. Loma Negra Compania Indl Argentina has a 1-year low of $6.36 and a 1-year high of $21.73. The firm has a market capitalization of $1.34 billion, a PE ratio of 27.39 and a beta of -0.04.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last announced its earnings results on Thursday, March 7th. The company reported $0.27 earnings per share (EPS) for the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.82% and a return on equity of 21.49%. The business had revenue of $187.10 million for the quarter. As a group, analysts anticipate that Loma Negra Compania Indl Argentina will post 0.88 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Barclays PLC bought a new position in Loma Negra Compania Indl Argentina during the fourth quarter worth $37,000. Fox Run Management L.L.C. bought a new position in Loma Negra Compania Indl Argentina during the fourth quarter worth $123,000. Legal & General Group Plc bought a new position in Loma Negra Compania Indl Argentina during the third quarter worth $125,000. Nordea Investment Management AB bought a new position in Loma Negra Compania Indl Argentina during the third quarter worth $172,000. Finally, Marshall Wace LLP bought a new position in Loma Negra Compania Indl Argentina during the third quarter worth $185,000. 34.90% 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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