Wall Street Zen Downgrades Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) to Hold

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Price Performance

Shares of CRESY opened at $11.49 on Friday. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.23. The stock has a market cap of $725.94 million, a PE ratio of 5.04 and a beta of 0.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.33 and a quick ratio of 1.01. The firm has a fifty day moving average price of $10.85 and a 200 day moving average price of $10.74.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Monday, November 10th. The company reported $0.42 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 18.98% and a return on equity of 8.12%. The business had revenue of $239.85 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Bank of America Corp DE increased its position in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after buying an additional 6,679 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $124,000. PharVision Advisers LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. in the third quarter valued at about $135,000. Finally, Virtu Financial LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the third quarter valued at about $144,000. 12.90% of the stock is owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.