Cosan (CZZ) Rating Increased to Strong-Buy at ValuEngine

Cosan (NYSE:CZZ) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other brokerages also recently commented on CZZ. JPMorgan Chase downgraded Cosan from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $13.00 in a research note on Tuesday, February 20th. UBS downgraded Cosan from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised Cosan from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $12.50.

Shares of NYSE CZZ opened at $10.37 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.44 and a quick ratio of 1.37. The stock has a market cap of $2,853.36, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 0.20 and a beta of 2.36. Cosan has a 12 month low of $5.63 and a 12 month high of $11.89.



Institutional investors have recently added to or reduced their stakes in the company. Investors Research Corp acquired a new position in shares of Cosan in the fourth quarter valued at approximately $186,000. First Trust Advisors LP acquired a new position in shares of Cosan in the fourth quarter valued at approximately $232,000. Ellington Management Group LLC acquired a new position in shares of Cosan in the fourth quarter valued at approximately $372,000. Jane Street Group LLC increased its stake in shares of Cosan by 203.2% in the third quarter. Jane Street Group LLC now owns 46,944 shares of the basic materials company’s stock valued at $382,000 after buying an additional 31,461 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in shares of Cosan by 82.0% in the fourth quarter. Fox Run Management L.L.C. now owns 43,500 shares of the basic materials company’s stock valued at $422,000 after buying an additional 19,600 shares during the period. 23.49% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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