Analysts Expect Cadiz Inc (CDZI) to Post ($0.25) EPS

Cadiz Inc (NASDAQ:CDZI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports.

Zacks has also assigned Cadiz an industry rank of 235 out of 265 based on the ratings given to its competitors.

CDZI has been the topic of several recent research reports. B. Riley set a $18.00 target price on shares of Cadiz and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub lowered shares of Cadiz from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Cadiz during the 2nd quarter worth approximately $142,000. Wolverine Trading LLC boosted its stake in Cadiz by 192.6% during the 3rd quarter. Wolverine Trading LLC now owns 10,614 shares of the company’s stock worth $135,000 after acquiring an additional 22,079 shares during the last quarter. Nationwide Fund Advisors bought a new position in Cadiz during the 2nd quarter worth approximately $157,000. The Manufacturers Life Insurance Company boosted its stake in Cadiz by 14,936.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,796 shares of the company’s stock worth $254,000 after acquiring an additional 18,671 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in Cadiz during the 2nd quarter worth approximately $301,000. 49.84% of the stock is currently owned by institutional investors.

Cadiz (CDZI) opened at $13.90 on Tuesday. The stock has a market cap of $316.95, a PE ratio of -9.08 and a beta of 0.50. The company has a debt-to-equity ratio of -1.76, a current ratio of 1.84 and a quick ratio of 1.84. Cadiz has a one year low of $9.65 and a one year high of $16.25.

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About Cadiz

Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

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