Zacks Investment Research upgraded shares of Loomis (OTCMKTS:LOIMF) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “
Shares of LOIMF opened at $38.17 on Wednesday. The firm has a market cap of $3,118.33, a P/E ratio of 19.47, a PEG ratio of 2.46 and a beta of 0.57. Loomis has a 1-year low of $38.17 and a 1-year high of $38.17.
Loomis AB (publ) provides various solutions for cash handling services in Europe, the United States, and internationally. It offers collects and delivers cash daily between stores, banks, deposit boxes, and automatic teller machines (ATMs) through approximately 6,700 cash in transit vehicles; and stores cash to supply banks and retailers with additional banknotes and coins, as well as collects daily receipts, and supplies retail customers and banks with cash and foreign currency.
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