Standpoint Research Lowers Cosan Ltd. (CZZ) to Hold
Cosan Ltd. (NYSE:CZZ) was downgraded by investment analysts at Standpoint Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research upgraded Cosan from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Thursday, August 25th.
Cosan (NYSE:CZZ) traded up 2.17% during midday trading on Friday, hitting $8.02. The stock had a trading volume of 1,108,578 shares. Cosan has a one year low of $2.47 and a one year high of $8.09. The stock has a 50-day moving average price of $7.04 and a 200 day moving average price of $6.09. The firm has a market cap of $2.12 billion, a PE ratio of 11.61 and a beta of 2.70.
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Several large investors have recently made changes to their positions in the company. CIBC World Markets Inc. bought a new stake in shares of Cosan during the first quarter worth about $106,000. Geode Capital Management LLC raised its stake in shares of Cosan by 24.0% in the first quarter. Geode Capital Management LLC now owns 28,774 shares of the company’s stock worth $141,000 after buying an additional 5,573 shares during the period. BlackRock Group LTD raised its stake in shares of Cosan by 393.1% in the second quarter. BlackRock Group LTD now owns 23,177 shares of the company’s stock worth $151,000 after buying an additional 18,477 shares during the period. Sei Investments Co. raised its stake in shares of Cosan by 132.0% in the second quarter. Sei Investments Co. now owns 28,515 shares of the company’s stock worth $186,000 after buying an additional 16,225 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Cosan by 52.2% in the second quarter. Jane Street Group LLC now owns 30,943 shares of the company’s stock worth $201,000 after buying an additional 10,614 shares during the period. 50.39% of the stock is currently owned by institutional investors.
Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Radar, Lubricants and Cosan’s 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) and America Latina Logistica SA (ALL), logistic segment (Logistic).
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