Cosan Ltd (NYSE:CZZ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.99 and last traded at $14.91, with a volume of 32063 shares trading hands. The stock had previously closed at $14.42.
Separately, TheStreet raised Cosan from a “c+” rating to a “b” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cosan has a consensus rating of “Hold” and an average target price of $11.92.
The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.28 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.53 and a current ratio of 1.65. The business has a 50 day moving average price of $14.03 and a 200-day moving average price of $12.83.
Cosan (NYSE:CZZ) last announced its quarterly earnings data on Thursday, August 15th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $1.29 billion for the quarter. Cosan had a return on equity of 8.32% and a net margin of 6.68%. As a group, equities analysts predict that Cosan Ltd will post 0.74 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Cutler Group LP lifted its stake in shares of Cosan by 233.5% in the 1st quarter. Cutler Group LP now owns 4,273 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 7,473 shares during the period. SG Americas Securities LLC acquired a new position in shares of Cosan in the 2nd quarter valued at about $114,000. Voloridge Investment Management LLC acquired a new position in shares of Cosan in the 2nd quarter valued at about $135,000. Shilanski & Associates Inc. acquired a new position in shares of Cosan in the 2nd quarter valued at about $157,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Cosan in the 2nd quarter valued at about $175,000. 22.86% of the stock is currently owned by institutional investors.
About Cosan (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.
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