Dynamo Administração de Recursos.. recently announced the acquisition of new stake in Cosan Limited (NYSE:CZZ). The institutional investor has increased its shareholding in the Energy company by 5.68% to 6.55 million shares with purchase of 0.35 million shares. This fresh investment now brings its stake to 5.22% valued currently at $132.3 million. In addition, Dynamo Internacional Gestão de Re.. raised its holdings by 0.28 million to 6.29 million shares. And Itau USA Asset Management, Inc. has lifted its position by 3,025.98% or 3.84 million shares – to 3.97 million shares.
With over 1.35 million Cosan Limited (CZZ) shares trading Tuesday and a closing price of $18.42 on the day, the dollar volume was approximately $24.82 million. The shares have shown a negative weekly performance of -1.34% and its price on 09/01/20 gained nearly 1.43%. Currently, there are 218.16M common shares owned by the public and among those 115.19M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for CZZ have a consensus price objective of $100.41. The analysts have set the share’s price value over the next 12 months at a high of $131.66 and a low of $78.30 should the stock experience a downside. Incidentally, analysts’ outlook for the Cosan Limited stock is 2.30 for the next 12 months. The average price target is 3.81% above its last price level and an upside to the estimated low will see the stock gain 76.48% over that period. But an upside of 86.01% will see the stock hit the forecast high price target while mean target price for the stock is $100.72.
The top 3 mutual fund holders in Cosan Limited are Government Pension Fund – Global, Caisse de Dépôt & Placement du Qu, and AVI Global Trust Plc. Government Pension Fund – Global owns 2.33 million shares of the company’s stock, all valued at over $47.05 million. The company sold -2.18 million shares recently to bring their total holdings to about 1.86% of the shares outstanding. AVI Global Trust Plc sold -1.73 million shares to bring its total holdings to over 1.06 million shares at a value of $21.33 million. AVI Global Trust Plc now owns shares totaling to 0.84% of the shares outstanding.
Shares of Cosan Limited (NYSE: CZZ) opened at $18.40, up $0.24 from a prior closing price of $18.16. However, the script later closed the day at $18.42, up 1.43%. The company’s stock has a 5-day price change of -1.34% and 22.80% over the past three months. CZZ shares are trading -19.35% year to date (YTD), with the 12-month market performance up to 31.01% higher. It has a 12-month low price of $8.56 and touched a high of $23.70 over the same period. Currently, 1.35 million shares have been traded, compared to an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.01%, 3.73%, and 7.90% respectively.
Institutional ownership of Cosan Limited (NYSE: CZZ) shares accounts for 64.00% of the company’s 218.16M shares outstanding. Mutual fund holders own 10.94%, while other institutional holders and individual stakeholders account for 35.17% and — respectively.
It has a market capitalization of $4.07B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 18.51, while the earnings-per-share (ttm) stands at $1.00. The company has a PEG of 1.77 and a Quick Ratio of 1.70 with the debt-to-equity ratio at 6.98. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.54% over the week and 4.19% over the month.
Analysts forecast that Cosan Limited (CZZ) will achieve an EPS of $0.18 for the current quarter, $0.18 for the next quarter and $1.21 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.56 a year ago. Earnings per share for the fiscal year are expected to decrease by 0.00%, and -6.52% over the next financial year. EPS should grow at an annualized rate of 10.45% over the next five years, compared to 0.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Cosan Limited (CZZ) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CZZ, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on July 07, 2020, with the firm’s price target at $18. Goldman coverage for the Cosan Limited (CZZ) stock in a research note released on May 20, 2020 offered a Neutral rating with a price target of. HSBC Securities was of a view on October 07, 2019 that the stock is Hold, while Goldman gave the stock Buy rating on October 03, 2019, issuing a price target of. Morgan Stanley on their part issued Equal-Weight rating on September 20, 2019.