Loma Negra Compania Indl Argentina (NYSE:LOMA) Downgraded to “Neutral” at Bank of America

Bank of America cut shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a buy rating to a neutral rating in a report released on Wednesday, BenzingaRatingsTable reports. The firm currently has $7.50 price objective on the stock, down from their prior price objective of $16.50.

A number of other analysts also recently weighed in on LOMA. Santander upgraded Loma Negra Compania Indl Argentina from an underperform rating to a hold rating in a report on Monday, July 15th. Morgan Stanley downgraded Loma Negra Compania Indl Argentina from an overweight rating to an equal weight rating in a report on Monday, August 12th. UBS Group upgraded Loma Negra Compania Indl Argentina from a sell rating to a neutral rating in a report on Thursday, May 30th. Finally, Zacks Investment Research upgraded Loma Negra Compania Indl Argentina from a sell rating to a strong-buy rating and set a $14.00 price objective for the company in a report on Wednesday, July 10th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Loma Negra Compania Indl Argentina presently has an average rating of Hold and an average target price of $10.75.

NYSE LOMA opened at $5.70 on Wednesday. The company has a market capitalization of $643.71 million, a price-to-earnings ratio of 13.90 and a beta of 0.22. Loma Negra Compania Indl Argentina has a twelve month low of $4.15 and a twelve month high of $13.44. The stock has a fifty day simple moving average of $11.43 and a 200 day simple moving average of $11.12. The company has a quick ratio of 0.39, a current ratio of 0.81 and a debt-to-equity ratio of 0.17.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $165.00 million during the quarter. Loma Negra Compania Indl Argentina had a return on equity of 18.80% and a net margin of 11.94%. Research analysts expect that Loma Negra Compania Indl Argentina will post 0.81 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc acquired a new stake in Loma Negra Compania Indl Argentina during the 2nd quarter worth about $71,000. Stevens Capital Management LP acquired a new stake in Loma Negra Compania Indl Argentina during the 2nd quarter worth about $143,000. D. E. Shaw & Co. Inc. acquired a new stake in Loma Negra Compania Indl Argentina during the 2nd quarter worth about $180,000. Bogle Investment Management L P DE acquired a new stake in Loma Negra Compania Indl Argentina during the 2nd quarter worth about $182,000. Finally, Cullen Capital Management LLC grew its holdings in Loma Negra Compania Indl Argentina by 35.9% during the 2nd quarter. Cullen Capital Management LLC now owns 17,220 shares of the company’s stock worth $201,000 after acquiring an additional 4,545 shares during the period. Hedge funds and other institutional investors own 34.36% of the company’s stock.

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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