Analysts Set Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Price Target at $14.80

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.80.

A number of equities analysts have issued reports on LOMA shares. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a 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.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of LOMA opened at $11.76 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $12.22 and its two-hundred day simple moving average is $10.51. Loma Negra Compania Industrial Argentina has a 12 month low of $7.04 and a 12 month high of $14.17. The stock has a market capitalization of $1.37 billion, a P/E ratio of 37.92 and a beta of 0.87.

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 (EPS) 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 the consensus estimate of $221.70 million. Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%. As a group, analysts predict that Loma Negra Compania Industrial Argentina will post 1.25 EPS for the current year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Large investors have recently added to or reduced their stakes in the stock. Crocodile Capital Partners GmbH purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 2nd quarter valued at $768,000. Systrade AG raised its stake in Loma Negra Compania Industrial Argentina by 1,714.2% in the 2nd quarter. Systrade AG now owns 217,699 shares of the company’s stock valued at $2,388,000 after acquiring an additional 205,699 shares during the period. Ping Capital Management Inc. raised its stake in Loma Negra Compania Industrial Argentina by 3.7% in the 2nd quarter. Ping Capital Management Inc. now owns 139,000 shares of the company’s stock valued at $1,525,000 after acquiring an additional 5,000 shares during the period. Clear Creek Financial Management LLC lifted its holdings in Loma Negra Compania Industrial Argentina by 53.2% during the second quarter. Clear Creek Financial Management LLC now owns 29,420 shares of the company’s stock valued at $323,000 after purchasing an additional 10,220 shares during the last quarter. Finally, INCA Investments LLC boosted its position in Loma Negra Compania Industrial Argentina by 4.1% during the second quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock worth $21,238,000 after purchasing an additional 75,760 shares during the period. Hedge funds and other institutional investors own 19.32% of the company’s stock.

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.