Cosan Limited(USA) (CZZ) was Downgraded by Standpoint Research to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Standpoint Research advised their investors in a research report released on Oct 7, 2016.
Cosan Limited(USA) opened for trading at $7.95 and hit $8.09 on the upside on Friday, eventually ending the session at $8, with a gain of 1.91% or 0.15 points. The heightened volatility saw the trading volume jump to 39,45,388 shares. Company has a market cap of $2,118 M.
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.