Cosan Ltd (NYSE:CZZ) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.00.
Several research analysts have recently commented on CZZ shares. JPMorgan Chase & Co. upgraded Cosan from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $12.50 to $13.00 in a report on Tuesday, February 19th. Zacks Investment Research upgraded Cosan from a “sell” rating to a “hold” rating in a report on Thursday, January 17th.
Shares of NYSE CZZ traded down $0.40 during trading on Friday, hitting $10.97. 813,950 shares of the company were exchanged, compared to its average volume of 576,483. Cosan has a 12-month low of $6.20 and a 12-month high of $13.18. The company has a quick ratio of 1.80, a current ratio of 1.92 and a debt-to-equity ratio of 1.34. The firm has a market cap of $2.83 billion, a PE ratio of 10.97 and a beta of 1.52.
Several hedge funds and other institutional investors have recently bought and sold shares of CZZ. Cutler Group LP raised its holdings in Cosan by 233.5% in the 1st quarter. Cutler Group LP now owns 4,273 shares of the basic materials company’s stock valued at $49,000 after buying an additional 7,473 shares during the period. Quantamental Technologies LLC purchased a new stake in Cosan in the 4th quarter valued at about $89,000. First Trust Advisors LP purchased a new stake in Cosan in the 4th quarter valued at about $100,000. O Shaughnessy Asset Management LLC purchased a new stake in Cosan in the 4th quarter valued at about $113,000. Finally, Bank of New York Mellon Corp raised its holdings in Cosan by 13.5% in the 4th quarter. Bank of New York Mellon Corp now owns 12,897 shares of the basic materials company’s stock valued at $113,000 after buying an additional 1,535 shares during the period. Institutional investors and hedge funds own 27.54% of the company’s stock.
Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol businesses primarily in Brazil and internationally. The company's Raízen Energia produces and markets products derived from sugar cane, including raw sugar, anhydrous, and hydrated ethanol, as well as activities related to energy cogeneration from sugarcane bagasse.
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