Cadiz Inc (NASDAQ:CDZI) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $17.50 for the company and are predicting that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also given Cadiz an industry rank of 208 out of 255 based on the ratings given to related companies.

CDZI has been the topic of a number of research analyst reports. BidaskClub lowered shares of Cadiz from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. B. Riley reiterated a “buy” rating on shares of Cadiz in a research report on Wednesday, September 11th.

CDZI stock opened at $11.40 on Thursday. Cadiz has a fifty-two week low of $8.53 and a fifty-two week high of $13.15. The business’s 50 day moving average price is $11.60 and its two-hundred day moving average price is $11.51.

Institutional investors and hedge funds have recently made changes to their positions in the business. Water Asset Management LLC grew its stake in Cadiz by 9.8% in the 2nd quarter. Water Asset Management LLC now owns 3,258,219 shares of the company’s stock valued at $36,655,000 after buying an additional 291,057 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cadiz by 16.8% in the second quarter. Vanguard Group Inc. now owns 1,079,351 shares of the company’s stock worth $12,143,000 after purchasing an additional 155,228 shares in the last quarter. Northern Trust Corp raised its position in shares of Cadiz by 0.7% during the 2nd quarter. Northern Trust Corp now owns 293,101 shares of the company’s stock valued at $3,297,000 after purchasing an additional 1,973 shares during the period. Marshall Wace LLP raised its position in shares of Cadiz by 31.2% during the 2nd quarter. Marshall Wace LLP now owns 133,556 shares of the company’s stock valued at $1,503,000 after purchasing an additional 31,766 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Cadiz during the 2nd quarter valued at $771,000. 31.51% of the stock is currently owned by institutional investors.

Cadiz Company Profile

Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

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