Loma Negra Compania Indl Argentina (LOMA) Cut to Underperform at Santander

Santander lowered shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a hold rating to an underperform rating in a research report released on Friday morning, The Fly reports.

Several other research analysts have also recently commented on LOMA. Zacks Investment Research cut shares of Loma Negra Compania Indl Argentina from a buy rating to a sell rating in a research report on Saturday, August 25th. Bank of America decreased their target price on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a buy rating for the company in a research report on Monday, September 24th. Finally, ValuEngine cut shares of Loma Negra Compania Indl Argentina from a sell rating to a strong sell rating in a research report on Tuesday, October 2nd. Four investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $16.90.

NYSE LOMA traded down $0.18 on Friday, hitting $10.16. The stock had a trading volume of 711,287 shares, compared to its average volume of 285,857. Loma Negra Compania Indl Argentina has a one year low of $6.36 and a one year high of $26.89. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.23 billion and a price-to-earnings ratio of 11.95.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last posted its earnings results on Thursday, November 8th. The company reported $0.02 EPS for the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.80% and a return on equity of 30.87%. The firm had revenue of $168.46 million during the quarter. As a group, equities research analysts expect that Loma Negra Compania Indl Argentina will post 0.53 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Cullen Capital Management LLC acquired a new stake in shares of Loma Negra Compania Indl Argentina in the 3rd quarter worth approximately $112,000. Legal & General Group Plc acquired a new stake in shares of Loma Negra Compania Indl Argentina in the 3rd quarter worth approximately $125,000. Citadel Advisors LLC acquired a new stake in shares of Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $129,000. Stevens Capital Management LP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $153,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the 2nd quarter worth approximately $154,000. 35.37% of the stock is owned by institutional investors.

About Loma Negra Compania Indl Argentina

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

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