Morgan Stanley Initiates Coverage on Loma Negra Compania Indl Argentina (LOMA)

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Morgan Stanley assumed coverage on shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) in a research note released on Wednesday, May 30th, MarketBeat.com reports. The firm issued an overweight rating and a $20.00 price target on the stock.

Several other equities analysts have also recently weighed in on LOMA. HSBC raised Loma Negra Compania Indl Argentina from a hold rating to a buy rating and set a $21.50 price target on the stock in a report on Tuesday, May 8th. Citigroup raised Loma Negra Compania Indl Argentina from a neutral rating to a buy rating in a report on Wednesday, May 9th. UBS Group lowered Loma Negra Compania Indl Argentina from a buy rating to a sell rating in a research note on Monday, May 14th. Itau BBA Securities cut their price target on Loma Negra Compania Indl Argentina from $26.00 to $17.00 and set an outperform rating for the company in a research note on Friday, May 25th. Finally, Zacks Investment Research upgraded Loma Negra Compania Indl Argentina from a sell rating to a hold rating in a research report on Saturday, May 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $21.13.

Shares of Loma Negra Compania Indl Argentina traded down $0.64, reaching $12.31, during midday trading on Wednesday, Marketbeat.com reports. 784,732 shares of the stock were exchanged, compared to its average volume of 630,458. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.76 and a current ratio of 1.17. The company has a market capitalization of $1.61 billion and a price-to-earnings ratio of 14.48. Loma Negra Compania Indl Argentina has a 1 year low of $10.84 and a 1 year high of $26.89.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $230.85 million for the quarter. Loma Negra Compania Indl Argentina had a return on equity of 54.78% and a net margin of 10.55%. sell-side analysts forecast that Loma Negra Compania Indl Argentina will post 0.8 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in LOMA. Neuberger Berman Group LLC raised its stake in shares of Loma Negra Compania Indl Argentina by 2.5% during the first quarter. Neuberger Berman Group LLC now owns 274,713 shares of the company’s stock valued at $5,857,000 after acquiring an additional 6,634 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of Loma Negra Compania Indl Argentina by 14.3% during the first quarter. Alpine Woods Capital Investors LLC now owns 59,000 shares of the company’s stock valued at $1,258,000 after acquiring an additional 7,400 shares in the last quarter. TT International raised its stake in shares of Loma Negra Compania Indl Argentina by 0.5% during the first quarter. TT International now owns 1,734,056 shares of the company’s stock valued at $36,970,000 after acquiring an additional 9,242 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Loma Negra Compania Indl Argentina during the fourth quarter valued at approximately $255,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Loma Negra Compania Indl Argentina during the first quarter valued at approximately $323,000. 39.43% of the stock is owned by institutional investors and hedge funds.

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, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

Analyst Recommendations for Loma Negra Compania Indl Argentina (NYSE:LOMA)

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