Cosan (NYSE:CZZ) Lifted to “Buy” at HSBC

HSBC upgraded shares of Cosan (NYSE:CZZ) to a buy rating in a research report sent to investors on Tuesday, TipRanks reports. They currently have $20.30 price target on the basic materials company’s stock.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of Cosan from an overweight rating to a neutral rating and set a $18.00 target price for the company. in a research note on Tuesday. Goldman Sachs Group lowered shares of Cosan from a buy rating to a neutral rating and set a $12.40 price objective on the stock. in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $18.34.

Shares of NYSE CZZ opened at $16.89 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.34 and a beta of 1.39. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.84 and a quick ratio of 1.73. The company has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $16.56. Cosan has a 1 year low of $8.56 and a 1 year high of $23.70.

Cosan (NYSE:CZZ) last announced its quarterly earnings results on Thursday, June 4th. The basic materials company reported $2.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $1.83. The business had revenue of $1.11 billion for the quarter. Cosan had a return on equity of 13.41% and a net margin of 8.44%. As a group, research analysts expect that Cosan will post 0.81 EPS for the current year.

The company also recently announced a — dividend, which was paid on Friday, June 26th. Investors of record on Saturday, June 20th were issued a dividend of $0.1119 per share. The ex-dividend date of this dividend was Thursday, June 18th. Cosan’s dividend payout ratio (DPR) is 8.21%.

A number of large investors have recently modified their holdings of the business. Aigen Investment Management LP acquired a new stake in shares of Cosan during the first quarter worth about $31,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Cosan by 34,460.0% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,728 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,723 shares during the period. Pacitti Group Inc. lifted its holdings in Cosan by 71.6% during the 1st quarter. Pacitti Group Inc. now owns 8,637 shares of the basic materials company’s stock worth $106,000 after buying an additional 3,603 shares in the last quarter. Jane Street Group LLC acquired a new stake in Cosan during the 1st quarter worth approximately $140,000. Finally, Advisor Group Holdings Inc. purchased a new position in Cosan in the 1st quarter valued at approximately $157,000. Institutional investors own 21.64% of the company’s stock.

About Cosan

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 RaĆ­zen 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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