Cosan Ltd. (CZZ) Downgraded by Standpoint Research
Cosan Ltd. (NYSE:CZZ) was downgraded by equities researchers at Standpoint Research from a “buy” rating to a “hold” rating in a report issued on Friday.
Separately, Zacks Investment Research raised Cosan from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Thursday, August 25th.
Shares of Cosan (NYSE:CZZ) traded up 2.357% during trading on Friday, hitting $8.035. The stock had a trading volume of 1,115,027 shares. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 11.628 and a beta of 2.70. Cosan has a 52-week low of $2.47 and a 52-week high of $8.09. The firm’s 50-day moving average is $7.04 and its 200 day moving average is $6.09.
Several hedge funds have recently bought and sold shares of the company. CIBC World Markets Inc. purchased a new stake in Cosan during the first quarter worth approximately $106,000. BlackRock Group LTD boosted its stake in 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. boosted its stake in 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. Geode Capital Management LLC boosted its stake in 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. Finally, Jane Street Group LLC boosted its stake in 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. Institutional investors and hedge funds own 50.39% of the company’s stock.
Cosan Company Profile
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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