Zacks Investment Research upgraded shares of Loomis (OTCMKTS:LOIMF) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.
According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “
LOIMF stock opened at $33.65 on Friday. Loomis has a 12-month low of $38.17 and a 12-month high of $38.17. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.71 and a beta of 0.01.
Loomis AB (publ) provides solutions for the handling, storage, and recycling of cash and other valuables. The company offers a range of solutions for cash in transit, cash management services, and international valuables logistics. It serves banks, retailers, and commercial enterprises, as well as public sector.
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