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

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given 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.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Monday, December 29th.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Systrade AG increased its position in shares of Loma Negra Compania Industrial Argentina by 75.9% in the third quarter. Systrade AG now owns 382,944 shares of the company’s stock worth $2,822,000 after acquiring an additional 165,245 shares in the last quarter. RWC Asset Management LLP lifted its position in shares of Loma Negra Compania Industrial Argentina by 21.8% in the 3rd quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock valued at $10,587,000 after acquiring an additional 257,318 shares in the last quarter. Aberdeen Group plc boosted its stake in Loma Negra Compania Industrial Argentina by 16.6% in the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock worth $9,044,000 after purchasing an additional 171,210 shares during the period. Helikon Investments Ltd acquired a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter worth approximately $1,787,000. Finally, M&G PLC purchased a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $5,968,000. 19.32% of the stock is currently owned by institutional investors.

Loma Negra Compania Industrial Argentina Stock Up 5.6%

Loma Negra Compania Industrial Argentina stock opened at $11.05 on Friday. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week high of $14.17. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 69.05 and a beta of 0.85. The company’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.69. The company has a current ratio of 1.44, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.04 earnings per share (EPS) for the quarter. Loma Negra Compania Industrial Argentina had a net margin of 2.97% and a return on equity of 2.25%. The business had revenue of $165.73 million during the quarter. On average, analysts expect that Loma Negra Compania Industrial Argentina will post 1.25 EPS for the current fiscal year.

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.