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

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.80.

Several research firms have recently weighed in on LOMA. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a report on Monday, December 29th.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Hedge funds and other institutional investors have recently modified their holdings of the business. Fourth Sail Capital LP grew its position in shares of Loma Negra Compania Industrial Argentina by 8.6% in the second quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock valued at $15,981,000 after purchasing an additional 115,964 shares in the last quarter. Systrade AG grew its holdings in Loma Negra Compania Industrial Argentina by 75.9% in the 3rd quarter. Systrade AG now owns 382,944 shares of the company’s stock valued at $2,822,000 after buying an additional 165,245 shares in the last quarter. RWC Asset Management LLP raised its holdings in shares of Loma Negra Compania Industrial Argentina by 21.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock worth $10,587,000 after acquiring an additional 257,318 shares during the period. Sagil Capital LLP acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 2nd quarter valued at about $2,771,000. Finally, INCA Investments LLC grew its holdings in shares of Loma Negra Compania Industrial Argentina by 4.1% in the second quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock valued at $21,238,000 after purchasing an additional 75,760 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Stock Down 0.4%

Shares of NYSE LOMA opened at $11.73 on Thursday. 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. The company’s 50-day simple moving average is $12.20 and its 200-day simple moving average is $10.60. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 37.82 and a beta of 0.84.

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.