Cosan (CZZ) Rating Lowered to Neutral at UBS Group

UBS Group cut shares of Cosan (NYSE:CZZ) from a buy rating to a neutral rating in a research report report published on Thursday, February 8th, The Fly reports.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Cosan from a sell rating to a strong-buy rating and set a $10.00 price objective on the stock in a report on Friday, October 20th. ValuEngine lowered shares of Cosan from a buy rating to a hold rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $12.00.

Shares of Cosan (NYSE:CZZ) traded down $0.08 during mid-day trading on Thursday, hitting $10.88. 95,799 shares of the stock were exchanged, compared to its average volume of 893,273. Cosan has a 12 month low of $5.63 and a 12 month high of $11.72. 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 (NYSE:CZZ) last announced its earnings results on Monday, November 13th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. Cosan had a net margin of 1.65% and a return on equity of 0.72%. The company had revenue of $1.16 billion for the quarter. research analysts predict that Cosan will post 1.06 EPS for the current year.

A number of large investors have recently modified their holdings of CZZ. Nine Chapters Capital Management LLC bought a new stake in Cosan in the third quarter valued at approximately $152,000. Dynamic Technology Lab Private Ltd bought a new stake in Cosan in the third quarter valued at approximately $176,000. Investors Research Corp bought a new stake in Cosan in the fourth quarter valued at approximately $186,000. First Trust Advisors LP bought a new stake in Cosan in the fourth quarter valued at approximately $232,000. Finally, PEAK6 Investments L.P. increased its stake in Cosan by 101.8% in 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 in the last quarter. 25.91% of the stock is owned by hedge funds and other 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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