Zacks’ analyst wrote, “Cosan reported EPADR of US$0.96 in fiscal 3Q13, above US$0.30 earned in 3Q12. Revenue grew 33%, primarily on the back of healthy fuel, sugar and ethanol sales. Sugar production and crushed volumes more than doubled while energy sales and gas sales volume increased remarkably. Land leasing activities generated revenue for Radar, while the segment failed to sell any properties. Going forward, greater expectation for crushed sugarcane volume bodes well for the company. Moreover, the company’s strategic acquisitions, growing sugar and ethanol demand, energy co-generation and transportation business seem to be the prime growth driving catalysts. Also, regulatory approval for Raizen, the formation of new business units (Radar and Comgas), the company’s association with Camil and stake acquisition in Comma and ALL would undoubtedly result in increased competitiveness in their respective businesses. Thus, anticipating the company to perform in line with the market, we maintain a Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on CZZ. Analysts at Citigroup upgraded shares of Cosan Limited from a neutral rating to a buy rating in a research note to investors on Thursday, January 24th. They now have a $21.00 price target on the stock, up previously from $16.00. Separately, analysts at Barclays Capital reiterated an overweight rating on shares of Cosan Limited in a research note to investors on Thursday, December 20th. They now have a $21.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an overweight rating on shares of Cosan Limited in a research note to investors on Wednesday, December 12th. They now have a $21.00 price target on the stock.
Shares of Cosan Limited traded down 0.20% during mid-day trading on Thursday, hitting $20.00. Cosan Limited has a one year low of $11.27 and a one year high of $21.14. The stock’s 50-day moving average is currently $18.75. The company has a market cap of $5.368 billion and a P/E ratio of 24.50.
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