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Cosan Ltd (NYSE:CZZ) Receives Average Recommendation of "Hold" from Brokerages

Saturday, October 17, 2020 | MarketBeat

Shares of Cosan Ltd (NYSE:CZZ) have received a consensus recommendation of "Hold" from the six analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.18.

CZZ has been the topic of several research reports. Zacks Investment Research cut shares of Cosan from a "buy" rating to a "hold" rating and set a $18.00 price objective on the stock. in a research report on Monday, September 7th. HSBC raised Cosan to a "buy" rating and set a $20.30 target price on the stock in a research note on Tuesday, July 7th. TheStreet cut Cosan from a "b-" rating to a "c+" rating in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. cut Cosan from an "overweight" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, July 7th.

Shares of NYSE CZZ opened at $14.77 on Friday. The stock's 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $15.16. Cosan has a twelve month low of $8.56 and a twelve month high of $23.70. The firm has a market capitalization of $3.61 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.42 and a beta of 1.31. The company has a quick ratio of 1.69, a current ratio of 1.77 and a debt-to-equity ratio of 2.83.

Cosan (NYSE:CZZ) last posted its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.08 earnings per share for the quarter. The company had revenue of $778.62 million for the quarter. Cosan had a net margin of 8.65% and a return on equity of 13.56%. As a group, research analysts anticipate that Cosan will post 0.64 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CZZ. Itau Unibanco Holding S.A. boosted its position in Cosan by 3,026.0% during the second quarter. Itau Unibanco Holding S.A. now owns 3,968,928 shares of the basic materials company's stock valued at $59,816,000 after buying an additional 3,841,962 shares during the period. Nordea Investment Management AB boosted its holdings in Cosan by 102.6% during the 2nd quarter. Nordea Investment Management AB now owns 2,425,106 shares of the basic materials company's stock valued at $35,456,000 after acquiring an additional 1,228,341 shares during the period. Barings LLC bought a new position in Cosan during the 1st quarter worth approximately $2,127,000. Man Group plc purchased a new position in Cosan in the 2nd quarter worth approximately $2,047,000. Finally, FMR LLC lifted its position in Cosan by 7.9% in the first quarter. FMR LLC now owns 1,716,772 shares of the basic materials company's stock valued at $19,897,000 after purchasing an additional 126,206 shares during the last quarter. 21.02% of the stock is owned by institutional investors and hedge funds.

Cosan Company Profile

Cosan Limited, together with its subsidiaries, engages in fuel and natural gas distribution, logistics, lubricant, sugar and ethanol businesses primarily in Brazil and internationally. The company's Raízen Energia produces and markets products derived from sugar cane, including raw sugar, anhydrous, and hydrated ethanol, as well as activities related to energy cogeneration from sugarcane bagasse.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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Every trading day, between 500 and 800 new recommendations and research reports are issued by sell-side equities research analysts. There are between 300 and 500 brokerages and research houses that issue ratings, price targets and recommendations and more than 5,000 securities around the world that regularly receive coverage from research analysts.

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This slide show lists the 20 companies that have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.

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