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

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 Saturday.

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

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

Cresud S.A.C.I.F. y A. stock opened at $12.37 on Friday. Cresud S.A.C.I.F. y A. has a 12 month low of $8.39 and a 12 month high of $13.59. The stock has a fifty day simple moving average of $11.88 and a two-hundred day simple moving average of $10.89. The company has a current ratio of 1.33, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm has a market cap of $781.54 million, a price-to-earnings ratio of 5.43 and a beta of 0.93.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $1.29 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 8.12% and a net margin of 18.98%.The firm had revenue of $230.87 million for the quarter.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRESY. Raymond James Financial Inc. purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Bank of America Corp DE grew 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 purchasing an additional 6,679 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $124,000. PharVision Advisers LLC acquired a new position in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at approximately $135,000. Finally, Virtu Financial LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the third quarter worth $144,000. 12.90% of the stock is currently owned by hedge funds and other 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.