The stock of Cosan Ltd (USA) (NYSE:CZZ) hit a new 52-week high and has $11.61 target or 46.00% above today’s $7.95 share price. The 7 months bullish chart indicates low risk for the $2.23 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $11.61 price target is reached, the company will be worth $1.03 billion 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 1.84 million shares traded hands. Cosan Ltd (USA) (NYSE:CZZ) has risen 91.93% since March 4, 2016 and is uptrending. It has outperformed by 83.89% the S&P500.
Analysts await Cosan Ltd (USA) (NYSE:CZZ) to report earnings on November, 9.
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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