Loma Negra Compania Industrial Argentina (NYSE:LOMA) Earns Buy Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Loma Negra Compania Industrial Argentina (NYSE:LOMA) in a report released on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $16.00 price objective on the stock.

LOMA has been the topic of several other reports. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Bank of America upgraded shares of Loma Negra Compania Industrial Argentina from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Morgan Stanley upgraded shares of Loma Negra Compania Industrial Argentina from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Finally, Itau BBA Securities upgraded shares of Loma Negra Compania Industrial Argentina from a “market perform” rating to an “outperform” rating and set a $14.20 price target on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

Shares of LOMA opened at $11.15 on Wednesday. Loma Negra Compania Industrial Argentina has a twelve month low of $5.70 and a twelve month high of $14.17. The firm’s fifty day simple moving average is $11.89 and its 200-day simple moving average is $11.62. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.27 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.23 and a debt-to-equity ratio of 0.02.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. The business had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. Equities analysts forecast that Loma Negra Compania Industrial Argentina will post 1.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LOMA. Raymond James Financial Inc. acquired a new position in Loma Negra Compania Industrial Argentina during the fourth quarter worth about $270,000. William Blair Investment Management LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $3,867,000. Virtu Financial LLC boosted its position in Loma Negra Compania Industrial Argentina by 104.8% during the fourth quarter. Virtu Financial LLC now owns 38,800 shares of the company’s stock worth $463,000 after acquiring an additional 19,855 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $354,000. Finally, JPMorgan Chase & Co. boosted its position in Loma Negra Compania Industrial Argentina by 459.5% during the fourth quarter. JPMorgan Chase & Co. now owns 158,091 shares of the company’s stock worth $1,888,000 after acquiring an additional 129,837 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.