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

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.80.

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

Loma Negra Compania Industrial Argentina Price Performance

Shares of Loma Negra Compania Industrial Argentina stock opened at $11.29 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. Loma Negra Compania Industrial Argentina has a 12 month low of $7.04 and a 12 month high of $14.17. The business’s 50-day moving average price is $12.24 and its 200-day moving average price is $10.60.

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

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC lifted its holdings in Loma Negra Compania Industrial Argentina by 53.2% in the second quarter. Clear Creek Financial Management LLC now owns 29,420 shares of the company’s stock worth $323,000 after buying an additional 10,220 shares during the period. INCA Investments LLC raised its position in shares of Loma Negra Compania Industrial Argentina by 4.1% in the 2nd quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock worth $21,238,000 after acquiring an additional 75,760 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Loma Negra Compania Industrial Argentina in the 2nd quarter valued at approximately $1,965,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Loma Negra Compania Industrial Argentina in the 2nd quarter valued at approximately $121,000. Finally, Fourth Sail Capital LP boosted its position in shares of Loma Negra Compania Industrial Argentina by 8.6% during the second quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock valued at $15,981,000 after purchasing an additional 115,964 shares in the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Company Profile

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.