Credit Suisse Group Upgrades Cosan Limited (CZZ) to “Outperform”

Credit Suisse Group upgraded shares of Cosan Limited (NYSE:CZZ) from a neutral rating to an outperform rating in a research note released on Monday, October 9th, MarketBeat Ratings reports.

A number of other research analysts have also weighed in on the company. BidaskClub raised Cosan Limited from a hold rating to a buy rating in a report on Thursday, July 6th. Morgan Stanley lowered Cosan Limited from an overweight rating to an equal weight rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cosan Limited presently has an average rating of Buy and an average price target of $10.00.

Cosan Limited (NYSE CZZ) opened at 9.15 on Monday. The firm’s 50-day moving average is $8.49 and its 200 day moving average is $7.58. The stock has a market cap of $2.42 billion, a P/E ratio of 83.94 and a beta of 2.27. Cosan Limited has a one year low of $5.63 and a one year high of $9.50.

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A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in Cosan Limited by 23.6% in the second quarter. Renaissance Technologies LLC now owns 10,185,699 shares of the basic materials company’s stock valued at $65,290,000 after purchasing an additional 1,947,500 shares during the last quarter. Prudential PLC grew its holdings in Cosan Limited by 18.4% in the second quarter. Prudential PLC now owns 7,445,135 shares of the basic materials company’s stock valued at $47,723,000 after purchasing an additional 1,155,649 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cosan Limited by 7.7% in the second quarter. Vanguard Group Inc. now owns 3,408,160 shares of the basic materials company’s stock valued at $21,846,000 after purchasing an additional 243,761 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in Cosan Limited by 1.4% in the second quarter. Pictet Asset Management Ltd. now owns 3,193,543 shares of the basic materials company’s stock valued at $22,610,000 after purchasing an additional 45,185 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Cosan Limited by 7.0% in the second quarter. Nordea Investment Management AB now owns 2,683,260 shares of the basic materials company’s stock valued at $17,200,000 after purchasing an additional 175,882 shares during the last quarter. 43.11% of the stock is currently owned by institutional investors.

About Cosan Limited

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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