Zacks Investment Research downgraded shares of Cosan (NYSE:CZZ) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “In the last three months, Cosan's American Depository Receipts (ADR) have outperformed the industry. We believe that Cosan constantly strives to improve its production capabilities and services to capitalize on the growing sugar and ethanol demand. Its strategy of expanding its network of service stations and acquiring meaningful businesses aided growth over time. For the crop year April 2017-March 2018, the company anticipates volume of sugarcane crushed to be within 59-63 million. Sugar volume produced is likely to come in a range of 4.3-4.7 million tons. However, the company is exposed to risks from geo-political issues, foreign exchange variations, unfavorable weather conditions and mounting operating costs. Also, high debts might raise the company's financial obligations. Earnings estimates on the stock remained stable for both 2017 and 2018 in the last 60 days.”

CZZ has been the topic of several other research reports. Morgan Stanley downgraded shares of Cosan from an overweight rating to an equal weight rating in a research report on Friday, October 6th. Credit Suisse Group raised shares of Cosan from a neutral rating to an outperform rating in a research report on Monday, October 9th. ValuEngine downgraded shares of Cosan from a buy rating to a hold rating in a research report on Wednesday, October 11th. Finally, BidaskClub raised shares of Cosan from a hold rating to a buy rating in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cosan has a consensus rating of Buy and an average target price of $10.00.

Shares of Cosan (NYSE:CZZ) opened at $9.41 on Tuesday. The firm has a market cap of $1,602.79, a P/E ratio of 12.49 and a beta of 2.36. Cosan has a 12-month low of $5.63 and a 12-month high of $9.70. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.35 and a current ratio of 1.44.

A number of large investors have recently added to or reduced their stakes in CZZ. Capital Fund Management S.A. purchased a new stake in shares of Cosan in the 2nd quarter valued at $133,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Cosan in the 3rd quarter valued at $152,000. Pinebridge Investments L.P. purchased a new stake in shares of Cosan in the 2nd quarter valued at $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Cosan in the 3rd quarter valued at $176,000. Finally, Trexquant Investment LP boosted its holdings in shares of Cosan by 25.4% in the 2nd quarter. Trexquant Investment LP now owns 31,720 shares of the basic materials company’s stock valued at $203,000 after acquiring an additional 6,420 shares during the last quarter. 41.68% of the stock is currently owned by institutional investors.

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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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