Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading 7.9% Higher – Time to Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) traded up 7.9% on Thursday . The company traded as high as $12.22 and last traded at $12.2630. 122,661 shares changed hands during trading, a decline of 68% from the average session volume of 384,978 shares. The stock had previously closed at $11.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Loma Negra Compania Industrial Argentina presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Loma Negra Compania Industrial Argentina Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 2.02. The firm has a market cap of $1.45 billion, a PE ratio of 51.61, a price-to-earnings-growth ratio of 0.50 and a beta of 0.76. The stock has a 50 day simple moving average of $11.26 and a two-hundred day simple moving average of $11.47.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its earnings results on Monday, May 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%.The firm had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $119.83 million. Sell-side analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors have recently modified their holdings of LOMA. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $28,000. Banco Santander S.A. acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $101,000. Advisors Preferred LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $133,000. Savant Capital LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 4th quarter valued at about $180,000. Finally, Mangrove Partners IM LLC acquired a new stake in Loma Negra Compania Industrial Argentina in the 4th quarter worth about $201,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

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.