Cosan (NYSE:CZZ) Sets New 1-Year High at $19.05
Cosan Ltd (NYSE:CZZ) shares hit a new 52-week high during trading on Monday . The company traded as high as $19.05 and last traded at $19.01, with a volume of 79992 shares trading hands. The stock had previously closed at $18.72.
Several equities research analysts have recently commented on the company. Bradesco Corretora cut Cosan from an “outperform” rating to a “neutral” rating in a research note on Tuesday, November 5th. HSBC lowered Cosan from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Goldman Sachs Group assumed coverage on Cosan in a report on Thursday, October 3rd. They issued a “buy” rating on the stock. TheStreet raised Cosan from a “c+” rating to a “b” rating in a report on Tuesday, September 10th. Finally, Morgan Stanley downgraded shares of Cosan from an “overweight” rating to an “equal” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Friday, September 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.50.
The business’s 50 day simple moving average is $16.95 and its 200-day simple moving average is $14.66. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.62 and a quick ratio of 1.52. The stock has a market capitalization of $4.58 billion, a P/E ratio of 19.01, a PEG ratio of 1.37 and a beta of 1.24.
Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Cosan by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 7,573,794 shares of the basic materials company’s stock valued at $101,186,000 after acquiring an additional 846,700 shares during the last quarter. BlackRock Inc. boosted its stake in Cosan by 57.7% during the 2nd quarter. BlackRock Inc. now owns 2,164,044 shares of the basic materials company’s stock worth $28,911,000 after acquiring an additional 791,735 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Cosan by 45.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,964,375 shares of the basic materials company’s stock worth $26,245,000 after acquiring an additional 613,411 shares during the last quarter. Vanguard Group Inc. boosted its stake in Cosan by 13.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,809,822 shares of the basic materials company’s stock worth $24,179,000 after acquiring an additional 219,044 shares during the last quarter. Finally, FMR LLC grew its holdings in Cosan by 7.9% during the first quarter. FMR LLC now owns 1,716,772 shares of the basic materials company’s stock valued at $19,897,000 after purchasing an additional 126,206 shares during the period. 21.56% of the stock is owned by institutional investors and hedge funds.
Cosan Company Profile (NYSE:CZZ)
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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