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

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 0.2%

CRESY stock opened at $12.37 on Friday. The business’s 50-day moving average price is $11.88 and its 200-day moving average price is $10.89. The stock has a market cap of $781.54 million, a P/E ratio of 5.43 and a beta of 0.93. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $13.59. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Tuesday, November 25th. The company reported $1.29 EPS for the quarter. The company had revenue of $230.87 million 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%.

Institutional Trading of Cresud S.A.C.I.F. y A.

A number of institutional investors and hedge funds have recently bought and sold shares of CRESY. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at about $25,000. Bank of America Corp DE lifted its position in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $124,000. PharVision Advisers LLC bought a new position in Cresud S.A.C.I.F. y A. during the third quarter valued at approximately $135,000. Finally, Virtu Financial LLC purchased a new position in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at approximately $144,000. 12.90% of the stock is currently owned by institutional investors.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.