Investment analysts at Roth Capital started coverage on shares of Cadiz (NASDAQ:CDZI - Get Free Report) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $10.00 price target on the stock. Roth Capital's target price indicates a potential upside of 279.36% from the company's previous close.
Separately, StockNews.com upgraded shares of Cadiz to a "sell" rating in a report on Wednesday, March 5th.
Read Our Latest Report on CDZI
Cadiz Stock Up 3.0 %
Shares of NASDAQ:CDZI traded up $0.08 during midday trading on Thursday, hitting $2.64. 139,545 shares of the company's stock were exchanged, compared to its average volume of 384,173. Cadiz has a 12 month low of $2.13 and a 12 month high of $5.68. The company has a market cap of $215.59 million, a PE ratio of -5.15 and a beta of 1.54. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. The stock has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.88.
Cadiz (NASDAQ:CDZI - Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $4.75 million for the quarter, compared to analysts' expectations of $8.44 million. Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. On average, sell-side analysts anticipate that Cadiz will post -0.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Whitefort Capital Management LP purchased a new position in shares of Cadiz in the 4th quarter worth about $19,344,000. B. Riley Financial Inc. increased its stake in shares of Cadiz by 825.2% during the 4th quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company's stock worth $9,017,000 after purchasing an additional 1,546,554 shares during the last quarter. Rangeley Capital LLC bought a new stake in shares of Cadiz in the 4th quarter worth approximately $3,432,000. Bank of America Corp DE lifted its stake in Cadiz by 911.7% in the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company's stock valued at $3,278,000 after purchasing an additional 568,084 shares during the last quarter. Finally, Gratia Capital LLC purchased a new stake in Cadiz in the fourth quarter worth $1,664,000. Institutional investors own 79.75% of the company's stock.
Cadiz Company Profile
(
Get Free Report)
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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