Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Receives $14.80 Consensus Target Price from Analysts

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.80.

LOMA has been the subject of several recent research reports. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

Large investors have recently modified their holdings of the business. Deuterium Capital Management LLC bought a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $110,000. Y Intercept Hong Kong Ltd bought a new position in shares of Loma Negra Compania Industrial Argentina in the second quarter valued at approximately $121,000. Evolution Wealth Advisors LLC bought a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $143,000. Clear Creek Financial Management LLC bought a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $211,000. Finally, Simplex Trading LLC boosted its position in shares of Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company’s stock valued at $216,000 after acquiring an additional 3,711 shares during the period. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Loma Negra Compania Industrial Argentina Stock Down 3.0%

LOMA opened at $10.30 on Tuesday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.72 and a beta of 0.98. The firm has a 50-day moving average price of $8.31 and a 200-day moving average price of $10.43. Loma Negra Compania Industrial Argentina has a twelve month low of $7.04 and a twelve month high of $14.17.

About Loma Negra Compania Industrial Argentina

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