Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Upgraded by Bank of America to “Neutral”

Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) from an underperform rating to a neutral rating in a research note published on Monday, Marketbeat reports. They currently have $8.10 price target on the stock, up from their previous price target of $7.10.

Separately, UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a neutral rating to a sell rating and cut their target price for the stock from $6.00 to $5.00 in a research note on Thursday, April 4th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 11.4 %

LOMA stock opened at $7.60 on Monday. The stock has a market capitalization of $887.22 million, a P/E ratio of 58.47, a P/E/G ratio of 0.21 and a beta of 1.46. The firm has a 50-day simple moving average of $6.73 and a 200-day simple moving average of $6.56. The company has a quick ratio of 0.44, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.64 and a 52 week high of $7.69.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last released its earnings results on Wednesday, March 6th. The company reported ($0.41) EPS for the quarter. The company had revenue of $242.13 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 1.82% and a net margin of 1.58%. Equities analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of LOMA. UBS Group AG boosted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 103.2% during the third quarter. UBS Group AG now owns 5,632 shares of the company’s stock worth $35,000 after acquiring an additional 2,860 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter worth about $37,000. Renaissance Technologies LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter worth about $69,000. Virtu Financial LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at about $72,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter valued at about $72,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.