Cosan (NYSE:CZZ) has earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.00.
A number of research firms have recently weighed in on CZZ. Zacks Investment Research raised Cosan from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, January 18th. UBS lowered Cosan from a “buy” rating to a “neutral” rating in a research report on Thursday, February 8th. JPMorgan Chase lowered Cosan from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $13.00 in a research report on Tuesday, February 20th. Finally, ValuEngine lowered Cosan from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd.
NYSE CZZ traded up $0.10 on Monday, reaching $9.57. The stock had a trading volume of 579,347 shares, compared to its average volume of 988,640. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.18 and a beta of 2.35. The company has a quick ratio of 1.37, a current ratio of 1.44 and a debt-to-equity ratio of 1.25. Cosan has a 12-month low of $5.63 and a 12-month 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. The company had revenue of $1.14 billion for the quarter. Cosan had a return on equity of 3.97% and a net margin of 4.01%. analysts anticipate that Cosan will post 2.09 EPS for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Thursday, May 17th. Stockholders of record on Tuesday, May 8th will be given a dividend of $0.0822 per share. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend is Monday, May 7th. Cosan’s dividend payout ratio is currently 12.50%.
Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of Cosan by 5.9% during the fourth quarter. Renaissance Technologies LLC now owns 11,425,499 shares of the basic materials company’s stock worth $110,854,000 after acquiring an additional 638,800 shares during the period. Martin Currie Ltd. increased its position in shares of Cosan by 7.8% during the fourth quarter. Martin Currie Ltd. now owns 3,307,510 shares of the basic materials company’s stock worth $32,083,000 after acquiring an additional 240,100 shares during the period. Wells Fargo & Company MN grew its stake in shares of Cosan by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,006,961 shares of the basic materials company’s stock worth $29,167,000 after purchasing an additional 98,431 shares in the last quarter. Dynamo Administracao de Recursos Ltda. acquired a new position in shares of Cosan during the fourth quarter worth $20,657,000. Finally, Millennium Management LLC grew its stake in shares of Cosan by 70.8% during the fourth quarter. Millennium Management LLC now owns 1,925,455 shares of the basic materials company’s stock worth $18,677,000 after purchasing an additional 798,310 shares in the last quarter. 23.87% of the stock is currently owned by institutional investors and hedge funds.
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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