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Cosan Limited's (CZZ) Growth Potential Solid: Time to Buy?
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We issued an updated research report on Cosan Limited on Apr 5. The company holds 62.3% controlling shares in Cosan S.A., engaging primarily in the cultivation, harvesting and processing of sugarcane. The company currently has a market capitalization of $2.35 billion.
Over the last three months, Cosan’s American Depository Receipts yielded 14.71% return, outperforming the gain of 7.33% recorded by the Zacks categorized Agriculture/Products industry.
Cosan is the world’s largest producer and processor of sugarcane, the main raw material used for producing sugar and ethanol. During Apr−Dec 2016, the company crushed approximately 59.4 million tons of sugarcane. It anticipates crushing 59–61 million tons of sugarcane in the crop year Apr 2016–Mar 2017. The company is not only the largest sugar and ethanol producer in Brazil, but also one of the largest in the world.
Besides its core businesses, Cosan is engaged in distribution of fuels and natural gas; lubricants, basic oils and specialties; investments and logistics businesses. A well-diversified business portfolio is one of the most important growth drivers of the company.
In addition, the company is constantly engaged in expanding its existing facilities and developing Greenfield projects as well as improving its services. Over time, it expanded its network of service stations, enhancing growth opportunities. In 2016, the company started its lubricants distribution operation in Spain. Also, the company’s organic and inorganic growth initiatives bode well. The Rumo-ALL merger in particular, is expected to be beneficial for the company. Further, the company is committed to rewarding its shareholders.
For 2017, the company anticipates revenues in the range of R$45–R$48 billion for Cosan S.A. and earnings before interest, tax, depreciation and amortization within R$4.75–R$5.25 billion.
Zacks Rank & Other Stocks to Consider
Cosan currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the sector include KMG Chemicals, Inc. , Monsanto Company and Albemarle Corporation (ALB - Free Report) . While KMG Chemicals sports a Zacks Rank #1, both Monsanto and Albemarle Corporation carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KMG Chemicals posted an average positive earnings surprise of 10.63% over the last four quarters. Also, earnings estimates for fiscal 2017 and fiscal 2018 improved over the past 60 days.
Monsanto Company’s earnings expectations for fiscal 2017 and fiscal 2018 improved over the past 60 days. Also, the company reported an average positive earnings surprise of 309.71% over the last four quarters.
Albemarle Corporation performed well in the last four quarters, with an average positive earnings surprise of 14.28%. Also, earnings estimates for 2017 and 2018 improved over the past 60 days.
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Cosan Limited's (CZZ) Growth Potential Solid: Time to Buy?
We issued an updated research report on Cosan Limited on Apr 5. The company holds 62.3% controlling shares in Cosan S.A., engaging primarily in the cultivation, harvesting and processing of sugarcane. The company currently has a market capitalization of $2.35 billion.
Over the last three months, Cosan’s American Depository Receipts yielded 14.71% return, outperforming the gain of 7.33% recorded by the Zacks categorized Agriculture/Products industry.
Cosan is the world’s largest producer and processor of sugarcane, the main raw material used for producing sugar and ethanol. During Apr−Dec 2016, the company crushed approximately 59.4 million tons of sugarcane. It anticipates crushing 59–61 million tons of sugarcane in the crop year Apr 2016–Mar 2017. The company is not only the largest sugar and ethanol producer in Brazil, but also one of the largest in the world.
Besides its core businesses, Cosan is engaged in distribution of fuels and natural gas; lubricants, basic oils and specialties; investments and logistics businesses. A well-diversified business portfolio is one of the most important growth drivers of the company.
In addition, the company is constantly engaged in expanding its existing facilities and developing Greenfield projects as well as improving its services. Over time, it expanded its network of service stations, enhancing growth opportunities. In 2016, the company started its lubricants distribution operation in Spain. Also, the company’s organic and inorganic growth initiatives bode well. The Rumo-ALL merger in particular, is expected to be beneficial for the company. Further, the company is committed to rewarding its shareholders.
For 2017, the company anticipates revenues in the range of R$45–R$48 billion for Cosan S.A. and earnings before interest, tax, depreciation and amortization within R$4.75–R$5.25 billion.
Zacks Rank & Other Stocks to Consider
Cosan currently sports a Zacks Rank #1 (Strong Buy). Other stocks worth considering in the sector include KMG Chemicals, Inc. , Monsanto Company and Albemarle Corporation (ALB - Free Report) . While KMG Chemicals sports a Zacks Rank #1, both Monsanto and Albemarle Corporation carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KMG Chemicals posted an average positive earnings surprise of 10.63% over the last four quarters. Also, earnings estimates for fiscal 2017 and fiscal 2018 improved over the past 60 days.
Monsanto Company’s earnings expectations for fiscal 2017 and fiscal 2018 improved over the past 60 days. Also, the company reported an average positive earnings surprise of 309.71% over the last four quarters.
Albemarle Corporation performed well in the last four quarters, with an average positive earnings surprise of 14.28%. Also, earnings estimates for 2017 and 2018 improved over the past 60 days.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>