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

Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a hold rating to a buy rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. has a consensus rating of “Hold”.

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

Shares of CRESY stock opened at $12.37 on Friday. The stock has a market cap of $781.59 million, a PE ratio of 5.43 and a beta of 0.93. The business has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $10.89. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $13.59.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Tuesday, November 25th. The company reported $1.29 EPS for the quarter. The firm had revenue of $230.87 million 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%.

Cresud S.A.C.I.F. y A. Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were issued a $0.6293 dividend. This represents a yield of 531.0%. The ex-dividend date of this dividend was Friday, November 28th. Cresud S.A.C.I.F. y A.’s payout ratio is presently 26.32%.

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

Institutional investors have recently modified their holdings of the stock. Comprehensive Money Management Services LLC increased its stake in shares of Cresud S.A.C.I.F. y A. by 1.4% during the second quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company’s stock worth $905,000 after purchasing an additional 1,124 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $25,000. Meixler Investment Management Ltd. increased its stake in Cresud S.A.C.I.F. y A. by 9.0% during the 2nd quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock worth $577,000 after buying an additional 4,446 shares in the last quarter. Bank of America Corp DE raised its holdings 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 acquiring an additional 6,679 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $124,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

About Cresud S.A.C.I.F. y A.

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.