Cosan (CZZ) Downgraded by UBS Group

Cosan (NYSE:CZZ) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

CZZ has been the topic of several other research reports. Zacks Investment Research lowered shares of Cosan from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. ValuEngine lowered shares of Cosan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.00.

Cosan (NYSE CZZ) opened at $10.79 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.44 and a quick ratio of 1.35. Cosan has a 12-month low of $5.63 and a 12-month high of $11.72.

Cosan (NYSE:CZZ) last posted its quarterly earnings results on Monday, November 13th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $1.16 billion for the quarter. Cosan had a net margin of 1.65% and a return on equity of 0.72%. equities analysts forecast that Cosan will post 1.06 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its stake in Cosan by 663.1% in the 4th quarter. Citadel Advisors LLC now owns 305,541 shares of the basic materials company’s stock worth $2,964,000 after purchasing an additional 265,504 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Cosan by 13.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 474,056 shares of the basic materials company’s stock worth $4,598,000 after purchasing an additional 56,612 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Cosan by 3.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 379,400 shares of the basic materials company’s stock worth $3,680,000 after purchasing an additional 12,600 shares during the period. Virtu Financial LLC boosted its stake in Cosan by 391.7% in the 4th quarter. Virtu Financial LLC now owns 92,590 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 73,761 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Cosan by 3.4% in the 4th 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 during the period. 25.98% of the stock is owned by hedge funds and other institutional investors.

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Cosan Company Profile

Cosan Limited (Cosan) is a holding company. The Company’s segments include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Lubricants and Other business. The Company’s other business include other investments, in addition to the corporate activities. The Company offers Logistics services, including transportation, port loading and storage of sugar, leasing or lending of locomotives, wagons and other railway equipment, through its subsidiaries Rumo Logistica Operadora Multimodal SA (Rumo), logistic segment (Logistic).

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