In yesterday’s Wall Street session, Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA) shares traded at $6.55, up 2.66% from the previous session.
5 analysts cover Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE:LOMA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $13.90 and a low of $5.23, we find $8.10. Given the previous closing price of $6.38, this indicates a potential upside of 26.96 percent. LOMA stock price is now -6.42% away from the 50-day moving average and 3.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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The stock has received a hold rating from 3 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $8.71 as their price target over the next twelve months.
With the price target maintained at $6, Morgan Stanley recently Upgraded its rating from Underweight to Equal-Weight for Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE: LOMA)., while ‘Morgan Stanley’ rates the stock as ‘Underweight’.
There have been several recent changes in the stakes of large investors in LOMA stock. A new stake in Loma Negra Compania Industrial Argentina Sociedad Anonima shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $731,000. BANCO BTG PACTUAL S.A. invested $141,000 in shares of LOMA during the first quarter. In the first quarter, DODGE & COX acquired a new stake in Loma Negra Compania Industrial Argentina Sociedad Anonima valued at approximately $126,000. SIMPLEX TRADING, LLC acquired a new stake in LOMA for approximately $5,000. TOWER RESEARCH CAPITAL LLC (TRC) purchased a new stake in LOMA valued at around $1,000 in the second quarter. In total, there are 50 active investors with 17.90% ownership of the company’s stock.
On Monday morning Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE: LOMA) stock kicked off with the opening price of $6.33. During the past 12 months, Loma Negra Compania Industrial Argentina Sociedad Anonima has had a low of $4.45 and a high of $7.95. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.00, and a quick ratio of 0.50. The fifty day moving average price for LOMA is $7.00 and a two-hundred day moving average price translates $6.31 for the stock.
The latest earnings results from Loma Negra Compania Industrial Argentina Sociedad Anonima (NYSE: LOMA) was released for Sep, 2022. According to the Building Materials Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.05 by 0.09. This compares to $0.13 EPS in the same period last year. The net profit margin was 1.70% and return on equity was 2.00% for LOMA. The company reported revenue of $251.17 million for the quarter, compared to $183.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.0 percent. For the current quarter, analysts expect LOMA to generate $190.79M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 01/06/2023 were paid a $0.1719346 dividend. On an annualized basis, this represents a $1.24 dividend and a 18.96% percent yield. There was an ex-dividend date of 01/05/2023 for this dividend.
Loma Negra Compania Industrial Argentina Sociedad Anonima(LOMA) Company Profile
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; Rail Services; 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. The company also provides rail transportation services; and treats and recycles industrial waste for use as fuel. It markets its products under the Loma Negra, San Martín, Plasticor, Cacique Plus, Cacique Max, Loma Negra Plus, and Lomax brands. The company was founded in 1926 and is based in Buenos Aires, Argentina. Loma Negra Compañía Industrial Argentina Sociedad Anónima is a subsidiary of InterCement Trading e Inversiones S.A.
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