Cosan Limited (CZZ) Stock Rating Lowered by Morgan Stanley
Cosan Limited (NYSE:CZZ) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday.
Separately, BidaskClub upgraded shares of Cosan Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
Cosan Limited (NYSE:CZZ) opened at 8.91 on Friday. Cosan Limited has a 12-month low of $5.63 and a 12-month high of $9.50. The stock has a 50 day moving average of $8.12 and a 200 day moving average of $7.54. The company has a market capitalization of $2.36 billion, a PE ratio of 81.74 and a beta of 2.27.
Large investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cosan Limited during the 2nd quarter worth approximately $108,000. Capital Fund Management S.A. acquired a new stake in shares of Cosan Limited during the 2nd quarter worth approximately $133,000. FNY Partners Fund LP acquired a new stake in shares of Cosan Limited during the 1st quarter worth approximately $141,000. Fox Run Management L.L.C. grew its position in shares of Cosan Limited by 40.1% during the 2nd quarter. Fox Run Management L.L.C. now owns 22,000 shares of the basic materials company’s stock worth $141,000 after buying an additional 6,300 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Cosan Limited by 676.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 18,247 shares of the basic materials company’s stock worth $156,000 after buying an additional 15,896 shares during the period. Institutional investors own 43.22% of the company’s stock.
About Cosan Limited
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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