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Wednesday, October 4, 2023

The Last Few Sessions Have Cosan Limited (CZZ) Soaring

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Cosan Limited (CZZ) shares are trading at higher $19.64 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $19.13.

To add more color to this target, the company’s high over the last year is $23.70 and the low is $8.56. Over the last 52 weeks, CZZ is up 5.42% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CZZ reported a profit of $349.62 million. Cosan Limited also saw revenues increase to $1.07 billion. In addition, CZZ has free cash flow of $164.75 million as of 09-2020. The company’s EBITDA came in at $337.78 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CZZ has a short ratio of 3.90 and outstanding shares of 127.08M.

Company Outlook

CZZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.55. Cosan Limited CZZ also noted assets of $15.58 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CZZ has historically followed its peers on positive news.

All told, Cosan Limited CZZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CZZ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Cosan Limited CZZ is now commanding a market cap of 2.50B and a float of 106.69M. CZZ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CZZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CZZ, either long or short, and we have not been compensated for this article.

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