Cosan (CZZ) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Cosan (NYSE:CZZ) from a hold rating to a sell rating in a research report report published on Wednesday, April 18th.

According to Zacks, “In the last month, Cosan's American Depository Receipts (ADR) underperformed the industry. We believe that the company is exposed to risks from geo-political issues, foreign exchange variations and high operating costs. Also, unfavorable weather conditions, especially drought, frost and heavy rainfall, can severely impact sugarcane production and hence, impact the company's financials. In the last 60 days, the company's earnings estimates have decreased for 2018.”

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Other analysts have also issued reports about the stock. UBS lowered shares of Cosan from a buy rating to a neutral rating in a research note on Thursday, February 8th. ValuEngine raised shares of Cosan from a buy rating to a strong-buy rating in a research report on Thursday, April 12th. Finally, JPMorgan Chase lowered shares of Cosan from an overweight rating to a neutral rating and increased their price target for the stock from $10.00 to $13.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $12.50.

Cosan stock opened at $10.12 on Wednesday. The stock has a market cap of $2,660.14, a PE ratio of 15.70, a PEG ratio of 0.19 and a beta of 2.36. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.44 and a quick ratio of 1.37. Cosan has a one year low of $5.63 and a one year high of $11.89.

Cosan (NYSE:CZZ) last announced its earnings results on Friday, March 2nd. The basic materials company reported $0.40 earnings per share (EPS) for the quarter. Cosan had a net margin of 4.01% and a return on equity of 3.97%. The firm had revenue of $1.14 billion during the quarter. equities research analysts predict that Cosan will post 2.09 EPS for the current year.

Several institutional investors have recently made changes to their positions in CZZ. State Street Corp lifted its position in Cosan by 1.3% in the second quarter. State Street Corp now owns 100,609 shares of the basic materials company’s stock worth $645,000 after purchasing an additional 1,300 shares during the period. Legal & General Group Plc lifted its holdings in shares of Cosan by 3.1% during the third quarter. Legal & General Group Plc now owns 204,335 shares of the basic materials company’s stock valued at $1,663,000 after acquiring an additional 6,200 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Cosan by 134,730.4% during the third quarter. JPMorgan Chase & Co. now owns 790,106 shares of the basic materials company’s stock valued at $6,352,000 after acquiring an additional 789,520 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Cosan by 144.8% during the third quarter. Cubist Systematic Strategies LLC now owns 104,674 shares of the basic materials company’s stock valued at $851,000 after acquiring an additional 61,913 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Cosan by 1,049.6% during the third quarter. GSA Capital Partners LLP now owns 129,905 shares of the basic materials company’s stock valued at $1,056,000 after acquiring an additional 118,605 shares during the period. Institutional investors and hedge funds own 23.97% of the company’s stock.

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Cosan Company Profile

Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol, and fuel businesses primarily in Brazil and internationally. The company's Raízen Energia segment produces and markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol.

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