Shares of Cosan Ltd (NYSE:CZZ) have earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.00.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Cosan from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. UBS Group lowered shares of Cosan from a “buy” rating to a “neutral” rating in a research report on Thursday, February 8th.
Shares of Cosan (CZZ) opened at $10.71 on Wednesday. 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 12-month low of $5.63 and a 12-month high of $11.72.
A number of institutional investors have recently bought and sold shares of CZZ. Vanguard Group Inc. increased its holdings in Cosan by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock valued at $21,846,000 after purchasing an additional 243,761 shares during the last quarter. State Street Corp increased its holdings in Cosan by 1.3% in the 2nd quarter. State Street Corp now owns 100,609 shares of the basic materials company’s stock valued at $645,000 after purchasing an additional 1,300 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Cosan by 30.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,159,183 shares of the basic materials company’s stock valued at $33,815,000 after purchasing an additional 965,640 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Cosan in the 3rd quarter valued at approximately $152,000. Finally, Sei Investments Co. grew its stake in shares of Cosan by 6.7% in the third quarter. Sei Investments Co. now owns 116,100 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 7,252 shares in the last quarter. Hedge funds and other institutional investors own 25.91% of the company’s stock.
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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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