Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Up – Should You Buy?

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) gapped up prior to trading on Tuesday . The stock had previously closed at $12.68, but opened at $13.50. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $13.28, with a volume of 60,357 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LOMA shares. Itau BBA Securities raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “market perform” rating to an “outperform” rating and set a $14.20 target price on the stock in a research note on Monday, May 12th. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Finally, Morgan Stanley upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $15.00 in a research note on Tuesday.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

The stock has a 50-day moving average price of $11.09 and a 200 day moving average price of $11.37. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 22.12 and a beta of 1.14.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. The company had revenue of $135.42 billion during the quarter, compared to the consensus estimate of $151 billion. On average, analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth about $109,000. JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth about $785,000. Activest Wealth Management lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% during the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company’s stock worth $2,006,000 after purchasing an additional 166,017 shares during the last quarter. INCA Investments LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth approximately $8,986,000. Finally, Raymond James Financial Inc. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $270,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.