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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. currently 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. The business’s 50-day simple moving average is $11.88 and its two-hundred day simple moving average is $10.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.33. The company has a market cap of $781.54 million, a PE ratio of 5.43 and a beta of 0.93. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $13.59.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data 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 during the quarter.

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

Several hedge funds have recently bought and sold shares of CRESY. Kopernik Global Investors LLC grew its stake in shares of Cresud S.A.C.I.F. y A. by 19.9% during the 2nd quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock worth $25,747,000 after purchasing an additional 396,741 shares during the period. GMT Capital Corp boosted its holdings in Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock worth $16,889,000 after buying an additional 543,213 shares in the last quarter. Systrade AG grew its position in Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after buying an additional 698,341 shares during the period. 683 Capital Management LLC grew its position in Cresud S.A.C.I.F. y A. by 7.1% during the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock valued at $9,566,000 after buying an additional 59,000 shares during the period. Finally, VR Advisory Services Ltd increased its holdings in Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after buying an additional 470,365 shares in the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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

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.