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

Wall Street Zen upgraded Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a "hold" rating to a "buy" rating. Weiss Ratings reiterated a "hold" rating. Cresud's stock opened at $11.34 with a market cap of $716.51 million. The company reported $0.42 EPS for the quarter. Institutional investors have increased their positions in Cresud. The company will undergo a stock split on November 28th.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

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Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Read Our Latest Analysis on CRESY

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

Shares of NASDAQ:CRESY opened at $11.34 on Friday. The company has a market capitalization of $716.51 million, a price-to-earnings ratio of 9.86 and a beta of 1.07. Cresud S.A.C.I.F. y A. has a 12 month low of $8.39 and a 12 month high of $14.23. The firm's 50-day moving average is $10.33 and its 200 day moving average is $10.73. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36.

Cresud S.A.C.I.F. y A. shares are going to split before the market opens on Friday, November 28th. The 1.00845956 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Thursday, November 27th.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.42 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.The firm had revenue of $239.85 million during the quarter.

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

Several institutional investors and hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Ridgewood Investments LLC boosted its stake in shares of Cresud S.A.C.I.F. y A. by 920.0% during the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock valued at $56,000 after purchasing an additional 4,600 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. Deuterium Capital Management LLC purchased a new position in Cresud S.A.C.I.F. y A. during the first quarter valued at approximately $114,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Cresud S.A.C.I.F. y A. in the second quarter worth approximately $124,000. 12.90% of the stock is currently owned by institutional investors.

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

(Get Free Report)

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.

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