Analysts Set Cosan Ltd (CZZ) PT at $12.00

Cosan Ltd (NYSE:CZZ) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.00.

Several research firms recently issued reports on CZZ. Zacks Investment Research raised Cosan from a “sell” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research note on Friday, October 20th. Morgan Stanley cut Cosan from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 6th. ValuEngine cut Cosan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Credit Suisse Group raised Cosan from a “neutral” rating to an “outperform” rating in a research note on Monday, October 9th.

Institutional investors and hedge funds have recently modified their holdings of the business. Nine Chapters Capital Management LLC purchased a new position in shares of Cosan during the third quarter valued at approximately $152,000. Pinebridge Investments L.P. purchased a new position in shares of Cosan during the second quarter valued at approximately $157,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Cosan during the third quarter valued at approximately $176,000. PEAK6 Investments L.P. lifted its holdings in shares of Cosan by 101.8% during the third quarter. PEAK6 Investments L.P. now owns 43,145 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 21,770 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in shares of Cosan by 43.5% during the third quarter. Trexquant Investment LP now owns 45,525 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 13,805 shares during the last quarter. Institutional investors and hedge funds own 26.60% of the company’s stock.

Cosan (CZZ) traded down $0.15 during midday trading on Friday, hitting $10.44. The company had a trading volume of 613,191 shares, compared to its average volume of 1,390,000. The company has a quick ratio of 1.35, a current ratio of 1.44 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $2,830.00, a PE ratio of 32.63, a PEG ratio of 0.20 and a beta of 2.37. Cosan has a 12 month low of $5.63 and a 12 month high of $10.72.

Cosan (NYSE:CZZ) last posted its earnings results on Monday, November 13th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. Cosan had a return on equity of 0.72% and a net margin of 1.65%. equities analysts anticipate that Cosan will post 1.06 EPS for the current year.

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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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