The stock of Cosan Ltd (USA) (NYSE:CZZ) hit a new 52-week high and has $11.08 target or 29.00% above today’s $8.59 share price. The 6 months bullish chart indicates low risk for the $2.33 billion company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $11.08 price target is reached, the company will be worth $675.70M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 342,826 shares traded hands. Cosan Ltd (USA) (NYSE:CZZ) has risen 96.71% since March 14, 2016 and is uptrending. It has outperformed by 91.10% the S&P500.
Analysts await Cosan Ltd (USA) (NYSE:CZZ) to report earnings on November, 9.
Cosan Ltd (USA) (NYSE:CZZ) Ratings Coverage
Out of 2 analysts covering Cosan Limited (NYSE:CZZ), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Cosan Limited has been the topic of 3 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock of Cosan Ltd (USA) (NYSE:CZZ) has “Sell” rating given on Tuesday, August 25 by Zacks. On Friday, October 7 the stock rating was downgraded by Standpoint Research to “Hold”. The stock of Cosan Ltd (USA) (NYSE:CZZ) earned “Neutral” rating by Bank of America on Monday, September 28.
According to Zacks Investment Research, “COSAN ltd is the leading global ethanol and sugar company in terms of production with low-cost, large-scale and integrated operations in Brazil. Their production is based on sugarcane, a competitive and viable feedstock for ethanol, sugar and energy because of its low production cost and high energy efficiency ratio relative to other ethanol sources, such as corn and sugarbeet.”
CZZ Company Profile
Cosan Limited (Cosan), incorporated on April 30, 2007, is a holding company. The Company’s divisions include Raizen Energia, Raizen Combustiveis, COMGAS, Cosan Logistica, Radar, Lubricants and Cosan’s other business. The Company’s other business include other investments, in addition to the corporate activities. The Firm 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 S.A. (Rumo) and America Latina Logistica S.A. (ALL), logistic segment (Logistic). The Firm also holds interests in two joint ventures (JVs): Raizen Combustiveis S.A. (Raizen Combustiveis), a fuel distribution business, and Raizen Energia S.A. (Raizen Energia), which operates in the production and marketing of sugar, ethanol and energy cogeneration, produced from sugar cane bagasse.
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