Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) from a hold rating to a sell rating in a research report sent to investors on Saturday, Zacks.com reports.

According to Zacks, “Loma Negra Compania Industrial Argentina SA operates as a cement manufacturer. The Company focuses on the manufacture and commercialization of cement, masonry cement, aggregates, concrete and lime. Its products primarily distributed to professionals in the construction and engineering sector. Loma Negra Compania Industrial Argentina SA is based in BUENOS AIRES, Argentina. “

Several other analysts have also recently commented on LOMA. ValuEngine cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a hold rating to a sell rating in a research note on Tuesday, November 10th. Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an underweight rating to an equal weight rating and set a $6.00 price target on the stock in a report on Thursday, August 27th. Finally, UBS Group started coverage on shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in a report on Tuesday, September 29th. They issued a neutral rating on the stock. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has an average rating of Hold and a consensus price target of $5.13.

Shares of LOMA opened at $5.33 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.74 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $4.47 and a 200-day simple moving average of $4.54. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1-year low of $3.01 and a 1-year high of $8.37. The stock has a market cap of $635.34 million, a price-to-earnings ratio of 18.38 and a beta of 1.31.

A number of institutional investors have recently added to or reduced their stakes in LOMA. State Street Corp increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 12.8% in the 1st quarter. State Street Corp now owns 194,730 shares of the company’s stock worth $691,000 after purchasing an additional 22,101 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at about $105,000. Evolution Wealth Advisors LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at about $351,000. Finally, FMR LLC grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 22.4% during the 1st quarter. FMR LLC now owns 113,143 shares of the company’s stock valued at $1,239,000 after buying an additional 20,680 shares during the last quarter. 29.58% of the stock is currently owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina and Paraguay. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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