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

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.80.

LOMA has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th.

Loma Negra Compania Industrial Argentina Price Performance

LOMA stock opened at $12.45 on Friday. The firm has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $10.49. The stock has a market cap of $1.45 billion, a PE ratio of 40.15 and a beta of 0.87. Loma Negra Compania Industrial Argentina has a one year low of $7.04 and a one year high of $14.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.24 and a quick ratio of 0.61.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. The company had revenue of $135.15 million for the quarter, compared to analysts’ expectations of $221.70 million. On average, analysts predict that Loma Negra Compania Industrial Argentina will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp purchased a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter worth $28,000. Banco Santander S.A. bought a new position in shares of Loma Negra Compania Industrial Argentina during the third quarter valued at about $101,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Loma Negra Compania Industrial Argentina in the second quarter worth about $121,000. Advisors Preferred LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at about $133,000. Finally, Insigneo Advisory Services LLC boosted its holdings in Loma Negra Compania Industrial Argentina by 89.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 23,342 shares of the company’s stock valued at $256,000 after acquiring an additional 11,031 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.