| Cosan Downgraded to Strong Sell on Lackluster Q4 Results - Analyst Blog | |
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Zacks Investment Research downgraded Cosan Limited CZZ to a Zacks Rank #5 (Strong Sell) on Mar 25, 2015. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of performing worse than the broader market. Why the Downgrade?
Cosan’s earnings track record has not been impressive over the last few quarters. Also, the company reported dismal results in fourth-quarter 2014, recording a loss of R$29 million. The bottom line came way below earnings of R$133 million in the year-ago quarter due to higher costs and expenses as well as adverse impact from foreign currency translations.
In addition, Cosan’s revenue growth of 3.6% over the year-ago tally was more than offset by higher cost of sales, operating expenses and forex losses. Crushed sugar volume declined 27.5% owing to dry climate damaging the sugarcane planting; while sugar production was down 27.9%.
In 2015, Cosan anticipates no respite from the difficult operating conditions, but will work diligently to expand its businesses by improving production capabilities and services. Over the last 30 days, the Zacks Consensus Estimate for the stock declined 27.1% to 94 cents per American Depository Receipt (“ADR”) for 2015 and 28.9% to 96 cents per ADR for 2016.
Other Stocks to Consider
Cosan Limited currently has a market capitalization of $1.8 billion. Some better-ranked stocks in the industry include MGE Energy Inc. MGEE, Vectren Corporation VVC and Public Service Enterprise Group Inc. PEG. All these stocks carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSAN LTD-A (CZZ): Free Stock Analysis Report PUBLIC SV ENTRP (PEG): Free Stock Analysis Report MGE ENERGY INC (MGEE): Free Stock Analysis Report VECTREN CORP (VVC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Vectren Corp.
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CODE : VVC |
ISIN : US92240G1013 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Vectren est une société développant des projet miniers basée aux Etats-Unis D'Amerique. Vectren est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,5 millions US$ (2,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 01 décembre 1995 à 9,94 US$, et son plus bas niveau récent le 01 septembre 2024 à 0,03 US$. Vectren possède 83 040 212 actions en circulation. |