Cosan Limited (CZZ) has risen sharply, recording gains of 0.15% in the past 4 weeks. However, the stock has corrected -2.4% in the past 1 week, providing a good buying opportunity on dips. Cosan Limited (CZZ) : During the past 4 weeks, traders have been relatively bearish on Cosan Limited (CZZ), hence the stock is down -2.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.81% relative to the S&P 500.
Cosan Limited (NYSE:CZZ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.52 and $6.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.52, notching a gain of 0.77% for the day. The total traded volume was 914,708 . The stock had closed at $6.47 on the previous day.
The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 4.58%. Cosan Limited is up 28.66% in the last 3-month period. Year-to-Date the stock performance stands at 79.57%.
Cosan Limited (CZZ) : 2 investment research analysts covering Cosan Limited (CZZ) have an average price target of $8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $8 for the short term. Analysts expect the variance to be within $0.71 of the average price.
Cosan Limited (Cosan) is a holding company. The Company operates through its subsidiaries: Cosan S.A. Industria e Comercio (Cosan S.A.) and Cosan Logistica S.A. (Cosan Log). The Company operates in segments: Raizen Energia S.A. (Raizen Energia), Raizen Combustiveis S.A. (Raizen Combustiveis), Companhia de Gas de Sao Paulo COMGAS (COMGAS), Cosan Log, Radar Propriedades Agricolas S.A. (Radar) and Lubricants. The Company is engaged in the production and marketing of a various products derived from sugar cane, including raw sugar (VHP), anhydrous and hydrated ethanol. It is engaged in the distribution and marketing of fuels. It is engaged in the distribution of piped natural gas to part of the State of Sao Paulo. It also provides logistics services for transport, storage and port loading of commodities, for sugar products. It is engaged in the purchase, sale and leasing of agricultural land, and also engaged in the production and distribution of lubricants.