Bank of America cut shares of Loma Negra Compania Indl Argentina (NYSE:LOMA) from a buy rating to a neutral rating in a report issued on Wednesday, BenzingaRatingsTable reports. Bank of America currently has $7.50 price target on the stock, down from their prior price target of $16.50.

Several other research analysts have also issued reports on LOMA. Morgan Stanley lowered shares of Loma Negra Compania Indl Argentina from an overweight rating to an equal weight rating in a research note on Monday, August 12th. Santander upgraded shares of Loma Negra Compania Indl Argentina from an underperform rating to a hold rating in a research note on Monday, July 15th. Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina from a sell rating to a strong-buy rating and set a $14.00 price objective for the company in a research note on Wednesday, July 10th. Finally, UBS Group upgraded shares of Loma Negra Compania Indl Argentina from a sell rating to a neutral rating in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $10.75.

Shares of Loma Negra Compania Indl Argentina stock opened at $5.70 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.81 and a quick ratio of 0.39. The company has a 50-day moving average of $11.43 and a 200 day moving average of $11.12. The firm has a market cap of $643.71 million, a price-to-earnings ratio of 13.90 and a beta of 0.22. Loma Negra Compania Indl Argentina has a 1 year low of $4.15 and a 1 year high of $13.44.

A number of large investors have recently added to or reduced their stakes in LOMA. Eaton Vance Management purchased a new position in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $527,000. Pictet Asset Management Ltd. purchased a new position in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $76,000. Nuveen Asset Management LLC purchased a new position in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $2,552,000. D. E. Shaw & Co. Inc. purchased a new position in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $180,000. Finally, Marshall Wace LLP purchased a new position in Loma Negra Compania Indl Argentina during the second quarter valued at approximately $227,000. Institutional investors and hedge funds own 34.36% of the company’s stock.

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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