Brokerages Set Cosan Limited (CZZ) Price Target at $10.00
Shares of Cosan Limited (NYSE:CZZ) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.00.
Several brokerages have recently weighed in on CZZ. BidaskClub downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley downgraded shares of Cosan from an “overweight” rating to an “equal weight” rating in a report on Friday, October 6th. Zacks Investment Research raised shares of Cosan from a “sell” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a report on Friday, October 20th. Credit Suisse Group raised shares of Cosan from a “neutral” rating to an “outperform” rating in a report on Monday, October 9th. Finally, ValuEngine downgraded shares of Cosan from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
Shares of Cosan (NYSE:CZZ) traded up $0.13 during trading hours on Friday, hitting $9.40. 1,345,222 shares of the stock traded hands, compared to its average volume of 1,268,039. The company has a current ratio of 1.44, a quick ratio of 1.35 and a debt-to-equity ratio of 1.34. Cosan has a 1-year low of $5.63 and a 1-year high of $9.53.
Several large investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new stake in Cosan during the second quarter worth about $108,000. Capital Fund Management S.A. purchased a new stake in Cosan during the second quarter worth about $133,000. Nine Chapters Capital Management LLC purchased a new stake in Cosan during the third quarter worth about $152,000. Pinebridge Investments L.P. purchased a new stake in Cosan during the second quarter worth about $157,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Cosan during the third quarter worth about $176,000. 41.86% of the stock is currently owned by institutional investors and hedge funds.
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Cosan Company Profile
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Company’s other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal SA (Rumo), logistic segment (Logistic).
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