Loma Negra Compania Indl Argentina (NYSE:LOMA) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Loma Negra Compania Industrial Argentina SA operates as a cement manufacturer. The Company focuses on the manufacture and commercialization of cement, masonry cement, aggregates, concrete and lime. Its products primarily distributed to professionals in the construction and engineering sector. Loma Negra Compania Industrial Argentina SA is based in BUENOS AIRES, Argentina. “

LOMA has been the subject of a number of other research reports. ValuEngine raised Loma Negra Compania Indl Argentina from a sell rating to a hold rating in a research note on Friday, May 15th. Bank of America raised Loma Negra Compania Indl Argentina from an underperform rating to a neutral rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Loma Negra Compania Indl Argentina presently has an average rating of Hold and an average target price of $5.92.

Shares of LOMA opened at $4.38 on Tuesday. Loma Negra Compania Indl Argentina has a 1 year low of $3.01 and a 1 year high of $12.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.72 and a quick ratio of 0.32. The company has a market capitalization of $522.10 million, a price-to-earnings ratio of 9.13 and a beta of 1.36. The business has a 50-day moving average of $4.49 and a 200-day moving average of $5.31.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last issued its earnings results on Monday, May 11th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $126.45 million during the quarter. Loma Negra Compania Indl Argentina had a return on equity of 10.44% and a net margin of 8.94%. As a group, sell-side analysts anticipate that Loma Negra Compania Indl Argentina will post 0.47 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Loma Negra Compania Indl Argentina by 1,840.3% in the fourth quarter. Bank of America Corp DE now owns 5,821 shares of the company’s stock valued at $45,000 after buying an additional 5,521 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Loma Negra Compania Indl Argentina by 3,487.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 16,503 shares of the company’s stock valued at $59,000 after purchasing an additional 16,043 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Loma Negra Compania Indl Argentina during the 4th quarter valued at $349,000. FMR LLC raised its stake in shares of Loma Negra Compania Indl Argentina by 22.4% during the 1st quarter. FMR LLC now owns 113,143 shares of the company’s stock valued at $1,239,000 after purchasing an additional 20,680 shares during the period. Finally, State Street Corp raised its stake in shares of Loma Negra Compania Indl Argentina by 6.9% during the 4th quarter. State Street Corp now owns 172,629 shares of the company’s stock valued at $1,350,000 after purchasing an additional 11,129 shares during the period. Hedge funds and other institutional investors own 32.76% of the company’s stock.

Loma Negra Compania Indl Argentina Company Profile

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

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