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 equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Cresud S.A.C.I.F. y A. Trading Down 0.2%

Shares of CRESY opened at $9.69 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $11.01. Cresud S.A.C.I.F. y A. has a 1 year low of $8.29 and a 1 year high of $14.23. The stock has a market cap of $595.06 million, a PE ratio of 8.43 and a beta of 1.10.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Thursday, September 4th. The company reported $1.00 earnings per share for the quarter. The company had revenue of $198.10 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.92% and a net margin of 10.57%.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $38,000. Ridgewood Investments LLC increased its holdings in shares of Cresud S.A.C.I.F. y A. by 920.0% during the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock worth $56,000 after acquiring an additional 4,600 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 6,679 shares during the last quarter. Finally, Deuterium Capital Management LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $114,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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.