Cosan (CZZ) Shares Down 5.2%

Shares of Cosan Ltd (NYSE:CZZ) dropped 5.2% during trading on Thursday . The stock traded as low as $7.88 and last traded at $8.10. Approximately 2,193,939 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 1,065,722 shares. The stock had previously closed at $8.54.

CZZ has been the topic of several research reports. Zacks Investment Research raised shares of Cosan from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine raised shares of Cosan from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Credit Suisse Group lowered shares of Cosan from an “outperform” rating to a “neutral” rating in a research report on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $12.50.

The company has a current ratio of 1.58, a quick ratio of 1.48 and a debt-to-equity ratio of 1.43. The stock has a market cap of $2.08 billion, a PE ratio of 12.53 and a beta of 1.57.

Cosan (NYSE:CZZ) last posted its quarterly earnings results on Friday, August 10th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter. Cosan had a net margin of 4.79% and a return on equity of 4.77%. The company had revenue of $1.14 billion for the quarter. On average, equities analysts anticipate that Cosan Ltd will post 0.58 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Cosan in the second quarter valued at approximately $121,000. Regal Investment Advisors LLC bought a new stake in shares of Cosan in the second quarter valued at approximately $126,000. SG Americas Securities LLC bought a new stake in shares of Cosan in the third quarter valued at approximately $113,000. Cambria Investment Management L.P. bought a new stake in shares of Cosan in the second quarter valued at approximately $188,000. Finally, CIBC World Markets Inc. bought a new stake in shares of Cosan in the second quarter valued at approximately $192,000. 26.64% of the stock is currently owned by institutional investors.

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Cosan Company Profile (NYSE:CZZ)

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: Technical Analysis

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