Cresud Upgraded to “Hold” at TheStreet (CRESY)
The analysts wrote, “Cresud (CRESY) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and generally higher debt management risk.”
Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cresud in a research note on Monday, April 7th. They now have a $18.60 price target on the stock.
Shares of Cresud (NASDAQ:CRESY) traded down 0.48% on Friday, hitting $12.56. 146,651 shares of the company’s stock traded hands. Cresud has a 1-year low of $7.00 and a 1-year high of $13.11. The stock’s 50-day moving average is $11.75 and its 200-day moving average is $10.26. The company’s market cap is $912.9 million.
Cresud SA (NASDAQ:CRESY) is an Argentina-based company engaged in the production of basic agricultural commodities.
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